Contingency analysis is a critical part of power system planning and operations. It simulates the impact of potential equipment failures (like lines, transformers, or generators) to ensure the grid remains stable and secure under realistic fault conditions.
This simulates the loss of any one single element (line, transformer, etc.). The system must still operate securely without violating thermal or voltage limits.
This simulates the loss of one element, allows the system to re-dispatch or stabilize, and then simulates the loss of a second element. More realistic for operational security planning.
This assumes any two elements can fail simultaneously — more severe and used for high-security planning or post-blackout studies. Typically modeled for critical corridors.