Calculating probability density function of critical clearing time: Novel Formulation, implementation and application in probabilistic transient stability assessment.

Due to increasing of uncertainty in nowaday power systems, probabilistic security assessment has become one of the challenging issues in power systems. This paper, proposes a new real-time approach for calculating probabilistic critical clearing time (CCT) which is applicable to probabilistic transient stability assessment. The proposed method aims to provide a low computational burden and high-accuracy to calculate the probabilistic density function (PDF) of CCT in two stages. In the first stage, proposed method presents a novel sensitivity based approach, which calculates CCT in the first step of the simulation. Determination of CCT by taking structure preserving into account, guarantees the accuracy of the proposed method. In the second stage, by applying Quasi Monte Carlo (QMC) simulation, the PDF of CCT is obtained. Several different parameters that affect uncertainty of CCT such as load and generation and also fault location are considered in order to obtain the PDF of CCT. Several case studies have been conducted on IEEE 9 bus and 68 bus test systems to show the efficiency of the proposed method. Simulation results indicate that the proposed method has notable accuracy along with substantial speed in performing the required calculations. [ABSTRACT FROM AUTHOR]