METHOD AND SYSTEM FOR CONTROLLING AN OPERATION OF AN ELECTRICAL POWER NETWORK

A system (400) and method for controlling an operation of an electrical power network (420) is described. The method includes configuring an allowable performance of an electrical power network over a predetermined time period as a probability expression comprising a historical term and a future term having an electrical power network operating condition variable. The method also includes calculating a network performance target value (300) according to the probability expression by using a historical electrical power network operating condition value for the electrical power network operating condition variable. The method further includes using the performance target value for controlling the electrical power network effective to achieve the allowable performance. The system includes a database (406), a processor (404) coupled to the database, and a monitoring and control module (410) coupled to the processor.