The invention provides a
monitoring system and method for monitoring running performance of a
power grid system in real time. The
system comprises one or more monitoring computers used for receiving
mass data flow including synchronization
phasor measurement values of second-level timestamps, used for storing running performance data of an
electric power system, configured to monitor reliability indexes, power gird operation indexes,
electric power production indexes and
electric power transmission indexes of a wide-area interconnected network, configured to monitor events in data flow of the wide-area interconnected network in real time and analyze and predict future operation conditions, configured to execute event logic detection, and configured to display
event analysis results. The method includes the first step of receiving the
mass data flow from the wide-area interconnected network, the second step of detecting data in the received data flow, the third step of conducting
event analysis, the fourth step of conducting performance evaluation on the
grid system, and the fifth step of visually displaying event related measurement results and
event analysis results. By means of the system and the method, the managing and scheduling capacity of the whole
electric power system can be remarkably improved, and running reliability of the
electric power system is effectively ensured.