Abstract: The present invention relates to a method for static security assessment of a power system and a real time static security assessment system for assessing a power system, the power system having a plurality of generators, the plurality of generators being represented in the network by a plurality of voltage controlled nodes, wherein the method for static security assessment of the power system comprises receiving information of a present state of the power system, determining a Thevenin equivalent for each voltage controlled node, determining for each voltage controlled node on basis of the determined present state of the power system and determining a first representation of the network based on the determined Thevenin equivalents, determining a modified representation of the network, wherein the modified representation is a representation of the network having at least one contingency, wherein at least one Thevenin equivalent of at least one voltage controlled node is modified due to the at least one contin