The interconnection of power grid has improved its economy, but meanwhile the safety and reliability of power system operation have faced challenges continuously as large-scale blackouts took place in the world. Based on the characteristics of small-world network, the spreading mechanism of cascading failures in power grid was studied in this paper. The results of the experiments show that the appearance of long-range connectivity has increased the breadth and depth of spreading, so that it pushes forward the spreading of cascading failures. A real-time searching system for cascading failures using the priority module is set up to find the source of the failures quickly and efficiently from massive real-time data of WAMS. The correctness and effectiveness of the proposed method are validated using the Northwest Power Grid of China an example.
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