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A computer-based method for contingency analysis of oscillatory stability in an electrical power transmission system is provided. The method uses at least one processor. The method includes receiving, by the at least one processor, a plurality of component inputs from a plurality of system component

A computer-based method for contingency analysis of oscillatory stability in an electrical power transmission system is provided. The method uses at least one processor. The method includes receiving, by the at least one processor, a plurality of component inputs from a plurality of system components within the electrical power transmission system. The method also includes generating a nominal matrix for the electrical power transmission system. The nominal matrix includes a set of equations at least partially modeling the electrical power transmission system. The method further includes calculating eigenvalues and eigenvectors of the nominal matrix. The method also includes identifying a contingency representing a postulated disturbance of the electrical power transmission system. The method further includes estimating a contingency eigenvalue for the contingency using the eigenvalues and eigenvectors of the nominal matrix.

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1. A computer-based method for improving oscillatory stability in an electrical power transmission system, said method using at least one processor, said method comprising: receiving, by the at least one processor, a plurality of component inputs from a plurality of system components within the elec

1. A computer-based method for improving oscillatory stability in an electrical power transmission system, said method using at least one processor, said method comprising: receiving, by the at least one processor, a plurality of component inputs from a plurality of system components within the electrical power transmission system;generating a nominal matrix for the electrical power transmission system, wherein the nominal matrix includes a set of equations at least partially modeling the electrical power transmission system;calculating eigenvalues and eigenvectors of the nominal matrix;identifying a contingency representing a postulated disturbance of the electrical power transmission system;estimating a contingency eigenvalue for the contingency using the eigenvalues and eigenvectors of the nominal matrix;performing a time-domain simulation on the contingency if a contingency stability value is greater than a pre-determined threshold value;adjusting a plurality of generation sources or loads or both in the electrical power transmission system based on the results of the time-domain simulation for improving the oscillatory stability;wherein estimating the contingency eigenvalue comprises using a first-order approximation of a Taylor series expansion when a faster computation is required and using a second-order approximation of a Taylor series expansion when higher accuracy is required; andwherein when the first-order approximation is used, the contingency eigenvalue is given by λi⁡(post)1⁢⁢st≈λi+ψi⁢Δ⁢⁢Asys⁢ϕiψi⁢ϕiwhere λi(post)1st is the contingency eigenvalue, λi, ϕi, and ψi are the eigenvalue, right eigenvector, and left eigenvector, respectively, corresponding to mode i and Asys is the nominal matrix. 2. The method in accordance with claim 1 further comprising: calculating a first set of eigenvalues and a first set of eigenvectors for the nominal matrix, each eigenvalue having a real part and an imaginary part, each real part representing a settling time of an oscillation within the electrical power transmission system;calculating a contingency matrix for the contingency, the contingency matrix including coefficients of a set of equations modeling the electrical power transmission system after the contingency, wherein estimating a contingency eigenvalue for the contingency further comprises using the contingency matrix;calculating the contingency stability value using the contingency matrix and the nominal matrix, the contingency stability value representing an approximation of the oscillatory stability of the electrical power transmission system after the contingency; andoutputting the contingency stability value. 3. The method in accordance with claim 2, further comprising: calculating a participation factor for each state of a plurality of states associated with the nominal matrix; andselecting a first set of states from the plurality of states based at least in part on the participation factor of each state, wherein calculating a contingency matrix further comprises perturbating only the first set of states. 4. The method in accordance with claim 2 further comprising: identifying a plurality of contingencies;calculating the contingency stability value for each contingency of the plurality of contingencies, thereby generating a plurality of contingency stability values;selecting a subset of contingencies from the plurality of contingencies based at least in part on the plurality of contingency stability values; andperforming the time-domain simulation on each contingency of the subset of contingencies. 5. The method in accordance with claim 4 further comprising ranking the plurality of contingencies based at least in part on the plurality of contingency stability values, wherein selecting a subset of contingencies further comprises screening the plurality of contingencies based at least in part on a pre-defined contingency stability threshold value. 6. The method in accordance with claim 1, wherein when the second-order approximation is used, the contingency eigenvalue is given by λi⁡(post)2⁢nd≈λi+ψi⁢Δ⁢⁢Asys⁢ϕiψi⁢ϕi+1ψi⁢ϕi[ψi⁢Δ⁢⁢Asys⁢∑k=1≠in⁢{ψk⁢Δ⁢⁢Asys⁢ϕi⁢ϕkψk⁢ϕk⁡(λi-λk)}] where λi(post)2nd is the contingency eigenvalue, λi, ϕi, and ψi are the eigenvalue, right eigenvector, and left eigenvector, respectively, corresponding to mode i and Asys is the nominal matrix. 7. A computer system for improving oscillatory stability in an electrical power transmission system, the system comprising at least a processor and a memory, the processor programmed to: receive a plurality of component inputs from a plurality of system components within the electrical power transmission system;generate a nominal matrix for the electrical power transmission system, wherein the nominal matrix includes a set of equations at least partially modeling the electrical power transmission system;calculate eigenvalues and eigenvectors of the nominal matrix;identify a contingency representing a postulated disturbance of the electrical power transmission system;estimate a contingency eigenvalue for the contingency using the eigenvalues and eigenvectors of the nominal matrix;perform a time-domain simulation on the contingency if a contingency stability value is greater than a pre-determined threshold value;adjust a plurality of generation sources or loads or both in the electrical power transmission system based on the results of the time-domain simulation for improving the oscillatory stability;wherein estimating the contingency eigenvalue comprises using a first-order approximation of a Taylor series expansion when a faster computation is required and using a second-order approximation of a Taylor series expansion when higher accuracy is required; andwherein when the first-order approximation is used, the contingency eigenvalue is given by λi⁡(post)1⁢⁢st≈λi+ψi⁢Δ⁢⁢Asys⁢ϕiψi⁢ϕiwhere λi(post)1st is the contingency eigenvalue, λi, ϕi, and ψi are the eigenvalue, right eigenvector, and left eigenvector, respectively, corresponding to mode i and Asys is the nominal matrix. 8. The system in accordance with claim 7, wherein said processor is further programmed to: calculate a first set of eigenvalues and a first set of eigenvectors for the nominal matrix, each eigenvalue having a real part and an imaginary part, each real part representing a settling time of an oscillation within the electrical power transmission system;calculate a contingency matrix for the contingency, the contingency matrix including coefficients of a set of ordinary differential equations modeling the electrical power transmission system after the contingency, wherein estimating a contingency eigenvalue for the contingency further comprises using the contingency matrix;calculate the contingency stability value using the contingency matrix and the nominal matrix, the contingency stability value representing an approximation of the oscillatory stability of the electrical power transmission system after the contingency; andoutput the contingency stability value. 9. The system in accordance with claim 8, wherein said processor is further programmed to: calculate a participation factor for each state of a plurality of states associated with the nominal matrix; andselect a first set of states from the plurality of states based in part on the participation factor of each state, wherein calculating the contingency matrix further comprises perturbating only the first set of states. 10. The system in accordance with claim 8, wherein said processor is further programmed to: identify a plurality of contingencies;calculate the contingency stability value for each contingency of the plurality of contingencies, thereby generating a plurality of contingency stability values;select a subset of contingencies from the plurality of contingencies based at least in part on the plurality of contingency stability values; andperform the time-domain simulation on each contingency of the subset of contingencies. 11. The system in accordance with claim 10, wherein said processor is further programmed to rank the plurality of contingencies based at least in part on the plurality of contingency stability values, wherein selecting a subset of contingencies further includes screening the plurality of contingencies based at least in part on a pre-defined contingency stability threshold value. 12. One or more computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor, the computer-executable instructions cause the processor to: receive a plurality of component inputs from a plurality of system components within the electrical power transmission system;generate a nominal matrix for the electrical power transmission system, wherein the nominal matrix includes a set of equations at least partially modeling the electrical power transmission system;calculate eigenvalues and eigenvectors of the nominal matrix;identify a contingency representing a postulated disturbance of the electrical power transmission system;estimate a contingency eigenvalue for the contingency using the eigenvalues and eigenvectors of the nominal matrix;perform a time-domain simulation on the contingency if a contingency stability value is greater than a pre-determined threshold value;adjust a plurality of generation sources or loads or both in the electrical power transmission system based on the results of the time-domain simulation for improving the oscillatory stability;wherein estimating the contingency eigenvalue comprises using a first-order approximation of a Taylor series expansion when a faster computation is required and a second-order approximation of a Taylor series expansion when higher accuracy is required; andwherein when the first-order approximation is used, the contingency eigenvalue is given by λi⁡(post)1⁢⁢st≈λi+ψi⁢Δ⁢⁢Asys⁢ϕiψi⁢ϕiwhere λi(post)1st is the contingency eigenvalue, λi, ϕi, and ψi are the eigenvalue, right eigenvector, and left eigenvector, respectively, corresponding to mode i and Asys is the nominal matrix. 13. The computer-readable storage media in accordance with claim 12, wherein the computer-executable instructions further cause the processor to: calculate a first set of eigenvalues and a first set of eigenvectors for the nominal matrix, each eigenvalue having a real part and an imaginary part, each real part representing a settling time of an oscillation within the electrical power transmission system;calculate a contingency matrix for the contingency, the contingency matrix including coefficients of a set of ordinary differential equations modeling the electrical power transmission system after the contingency, wherein estimating a contingency eigenvalue for the contingency further comprises using the contingency matrix;calculate the contingency stability value using the contingency matrix and the nominal matrix, the contingency stability value representing an approximation of the oscillatory stability of the electrical power transmission system after the contingency; andoutput the contingency stability value. 14. The computer-readable storage media in accordance with claim 13, wherein the computer-executable instructions further cause the processor to: calculate a participation factor for each state of a plurality of states associated with the nominal matrix; andselect a first set of states from the plurality of states based at least in part on the participation factor of each state, wherein calculating the contingency matrix further comprises perturbating only the first set of states. 15. The computer-readable storage media in accordance with claim 13, wherein the computer-executable instructions further cause the processor to: identify a plurality of contingencies;calculate the contingency stability value for each contingency of the plurality of contingencies, thereby generating a plurality of contingency stability values;select a subset of contingencies from the plurality of contingencies based at least in part on the plurality of contingency stability values; andperform the time-domain simulation on each contingency of the subset of contingencies.