In order to analyze power system stability in environment of WAMS(wide area measurement system),a new steady state stability model with time-varying delay was proposed for power system.The factors of exciter and power system stabilizer with delay were introduced into analytical model.To decrease conservativeness of stability analysis,an improved Lyapunov-Krasovskii functional was constructed,and then a new delay-dependent steady state stability criterion for power system,which overcomes the disadvantages of eigenvalue computation method,was derived.The proposed model and criterion were tested on synchronous-machine infinite-bus power system.The test results demonstrate that Lyapunov-Krasovskii functional based power system stability analysis method is applicable and effective in the analysis of time delay power system stability.
