Recently microgrids have drawn a potential attraction by fulfilling the environmental demands and the increasing energy demands of the end-users. It is necessary to focus on various protection and control aspects of a microgrid. During the transition between the grid-following and grid-forming modes

the voltage and the frequency instability due to the power mismatch condition becomes the major point of concern. Therefore

the paper executes a frequency-active power and voltage-reactive power drooping control strategy for the precise power-sharing among the distributed power generators. Furthermore

to handle the power deficit scenarios and to maintain the system stability

a system independent and priority-based adaptive three-stage load shedding strategy is proposed. The sensitivity of the strategy depends on the system inertia and is computed according to the varying absolute rate-of-change-of-frequency. The strategy incorporates the operation of battery storage system and distributed static compensator (D-STATCOM) in the microgrid

to provide a reliable power supply to the customers for a considerable time instead of a sudden load shedding. The effectiveness of the proposed strategies is investigated on a scaled-down modified IEEE 13-bus microgrid system on the podium of MATLAB 2015b through the time-domain simulation.