What does the phrase "real-time monitoring" refer to in the context of NERC standards?

The phrase "real-time monitoring" in the context of NERC standards specifically refers to the continuous observation of power system operations to ensure reliability. This involves the use of sophisticated technologies and systems that allow operators to track the performance and status of the electricity grid as events happen. Real-time monitoring enables quick decision-making and response to any issues that may arise, ensuring that the power system remains stable and reliable.

This continuous observation is crucial for maintaining the operational integrity of the power grid, as it provides immediate insights into system performance and can help prevent outages or failures. It distinguishes itself from other concepts like periodic analysis or scheduled inspections, which do not provide the same level of immediacy and responsiveness needed for enhancing reliability in real time.