This study develops an analytical method for assessing the voltage stability margins of a decentralized load shedding scheme; it then examines the challenges related to the existing load shedding scheme. It also presents a practical application for implementing the proposed method, based on the synchrophasor measurement technology in modern power grid operations. By applying the concept of a continuously-computed voltage stability margin index to the configuration of the Thévenin equivalent system, the maximum transfer power could be used as an index to monitor the voltage instability phenomenon and thus determine the required load shedding amount. Thus, the calculated voltage stability margin might be a useful index for system operators in the critical decision-making process of load shedding. Dynamic simulations are performed on real Korean power systems as case studies. Simulation results, when comparing the existing and proposed methods, showed that there was a considerable reduction in the amount of load shedding in the voltage instability scenario. This indicates that the synchrophasor measurement technology has a considerable effect on the proposed load shedding method. The simulation results have validated the performance of the proposed method.
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