Volatility

The propensity of rapid and/or unpredictable change, especially in a manner that is unfavourable and difficult to manage.

Power SystemsA highly complex cyber-physical and transactional System tha... Click for more served by growing levels of Variable Renewable Energy (VRE)A generic term for intermittent forms of Generation Plant th... Click for more experience significant growth in operational Volatility. This must be actively managed to ensure System SecurityThe ability to continue operating the Power System within de... Click for more.

Given the fast-evolving nature of power system transformation, the Future Grid Accelerator (FGA) has the status of a perpetual BETA version. Your suggestions for how each concept and definition may be enhanced are very welcome.

All feedback will be reviewed and considered for inclusion in subsequent updates.