As inverter-based resources (IBRs) penetrate power systems, the dynamics become more complex, exhibiting multiple timescales, including electromagnetic transient (EMT) dynamics of power electronic controllers and electromechanical dynamics of synchronous generators. Consequently, the power system model becomes highly stiff, posing a challenge for efficient simulation using existing methods that focus on dynamics within a single timescale. This paper proposes a Heterogeneous Multiscale Method for highly efficient multi-timescale simulation of a power system represented by its EMT model. The new method alternates between the microscopic EMT model of the system and an automatically reduced macroscopic model, varying the step size accordingly to achieve significant acceleration while maintaining accuracy in both fast and slow dynamics of interests. It also incorporates a semi-analytical solution method to enable a more adaptive variable-step mechanism. The new simulation method is illustrated using a two-area system and is then tested on a detailed EMT model of the IEEE 39-bus system.
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