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Traditional online security assessment determines whether the system is secure or not, but how secure or insecure is not explicitly indicated. This paper develops probabilistic indices, risk, to assess real-time power system security level. Risk captures not only event likelihood, but also consequence. System security level associated with low voltage and overload can be optimally controlled, using the NSGA multiobjective optimization method. A security diagram is used to visualize operating conditions in a way that enables both risk-based and traditional deterministic views. An index for cascading overloads is used to evaluate the Pareto optimal solutions. This paper shows that the multiobjective approach results in less risky and less costly operating conditions, and it provides a practical algorithm for implementation. The IEEE 24-bus RTS-1996 system is analyzed to show that risk-based system security control results in lower risk, lower cost, and less exposure to cascading outages. [ABSTRACT FROM AUTHOR]

In this paper, dead band control algorithms using a performance index of the load tap changing (LTC) tap position are proposed to reduce the tap changing operation times. The performance index is defined as the customer voltage quality with the tap position of LTC transformer. In addition, dead band control algorithms using the load diversity values of the feeders are proposed. The mathematical formulations of the proposed dead band control algorithms are introduced. A sample case study is shown to verify the effectiveness of the proposed dead band control algorithms. [ABSTRACT FROM AUTHOR]