What affect does the frequency drop have to home users? Is there protection in the substations near to homes that will cut off the power completely if the frequency goes out of range?
One quirk of synchronous generators is you can think of the whole grid like all of the generators in it are geared together. If demand rises, the torque on the generators starts to increase and if the power plants don't feed more mechanical power in then they will start to slow down in unison. Likewise their speed will increase as the demand drops. So the frequency is the main indicator of the health of the grid and so the grid operators will monitor it closely.