Direct stability analysis of AC/DC power systems using a structure-pre
serving energy function (SPEF) is proposed in this paper. The system m
odel considered retains the load buses thereby enabling the representa
tion of nonlinear voltage dependent loads. The HVDC system is represen
ted with the same degree of detail as is normally done in transient st
ability simulation. The converter controllers can be represented by si
mplified or detailed models. Two or multi-terminal DC systems can be c
onsidered. The stability analysis is illustrated with a 3-machine syst
em example and encouraging results have been obtained.