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The allocation of fault current limiters (FCLs) is increasingly challenging in transmission systems these days. Specifically, the utilized deterministic expected short-circuit fault (SCF) scenarios are prone to cause over-configuration of FCLs. Moreover, the well-established local switching framework (LSF) renders inappropriate FCL switching and may further harm the system safe operation. Aiming at the above deficiencies, a novel 5G-based centralized switch FCL (CSF) framework as well as a method to allocate such flexible FCLs optimally is proposed in this paper. In the proposed CSF, the FCLs are switched by a FCL dispatching (FD) model considering system security constraints of both fault current and voltage sags. By exploiting the fast communication capability of 5G network as well as an off-line fault scanning strategy, the FD model is enabled to give online FCL switching schemes to meet the fast requirement of power system protection. Moreover, considering the probabilistic characteristic of SCFs, a bi-level FCL allocation model is established, in which the upper-level model sites and sizes FCLs considering the installation and expected switching costs while the lower-level model determines the optimal switched FCLs under each specific SCF scenario. Finally, numerical results are provided to verify the proposed allocation model, including its defending effect against SCFs in terms of fault current limiting, voltage sags relieving, as well as its cost-effectiveness. [ABSTRACT FROM AUTHOR]

The utilization of voltage-source converter-based multi-terminal HVDC (VSC-MTDC) technology has been envisaged as a cost-effective solution to transmit bulk renewables from multiple sending ends to receiving-end AC systems. However, with complex configurations and various types of components, the reliability evaluation of a VSC-MTDC system is more complicated than that of a conventional HVDC system. In addition, due to stochastic failures and complex operating modes, the application of a VSC-MTDC system can have a significant influence on the reliability of hybrid AC/DC power systems. This paper presents a new technique for evaluating the nodal reliability of a hybrid AC/DC power system based on the VSC-MTDC system. The proposed technique is incorporated within a multi-state model for the VSC-MTDC system. Then, an optimization model for contingency management of a hybrid AC/DC power system is formulated. The model is established based on the optimal power flow technique for a VSC-MTDC based hybrid AC/DC power system. The objective of the model is to minimize the total system cost when determining the load curtailment and generation re-dispatch results for each contingency state. Nodal reliability indices for hybrid AC/DC power systems are proposed to evaluate the reliability performance of customers at each node. The effectiveness of the proposed methods is validated using a modified IEEE reliability test system. [ABSTRACT FROM AUTHOR]