Predicting and preventing power system collapses is crucial for the economic prosperity of the world (Van Cutsem, 2000). Highly nonlinear power systems must be analysed in real time and if a system change might start a process that leads towards a voltage collapse then the operator should be alerted and corrective control initiated. Such changes might include a sudden increase in loading, the tripping of a generator, the loss of a synchronous condenser, reactive power limitations of static VAr control (SVC) systems, tap-changing on a transformer or the disconnection of a transmission feeder. The difficulty is trying to decide if such a change is a routine event that does not affect the integrity of the power system or a rare event that instigates a collapse. The possibility of predicting a collapse using a collapse prediction relay (Eberle, 2006) that compares and analyses the characteristic frequencies seen in the voltage signals during the precollapse period is described.