A Lyapunov spectrum based hybrid static and dynamic approach for contingency ranking.

The goal of contingency ranking is to provide a list of possible critical situations and rank them according to the severity of their impact on a power network. The methods of contingency ranking may be divided into two major categories: static and dynamic techniques. Static approaches are fast and can be implemented in real‐time, but they present different results depending on the parameter which has been selected for contingency ranking. Dynamic methodologies are more accurate than static ones, but they are time‐consuming. This paper presents a novel combined static and dynamic method for contingency ranking which takes advantage of both techniques and shows the performance evaluation for the hybrid method using accuracy and efficiency as criteria. The proposed method uses three well‐known static indices and the Lyapunov spectrum based dynamic approach to select the worst critical lines. IEEE 39‐bus (New England grid) and IEEE 118‐bus networks are utilized to verify the proposed method. The method provides speed and accuracy. One of the prominent features of the proposed approach is its ability to rank contingencies that lead to network load flow divergence. [ABSTRACT FROM AUTHOR]