Power system stability in the transition to a low carbon grid: A techno-economic perspective on challenges and opportunities

Abstract

Increasing power system stability challenges are being witnessed worldwide, while transitioning toward low-carbon grids with a high-share of power electronic converter (PEC)-interfaced renewable energy sources (RESs) and distributed energy resources (DERs). Concurrently, new technologies and operational strategies are being implemented or proposed to tackle these challenges. Since electricity grids are deregulated in many jurisdictions, such technologies need to be integrated within a market framework, which is often a challenge in itself due to inevitable regulatory delays in updating grid codes and market rules. It is also highly desirable to ensure that an economically feasible optimal te..