All in all, it's several things that need to be reinforced. The distribution network needs to be smarter. The energy generation facilities need to be tested through their entire voltage range, so they can be counted upon. And there has to be more voltage inertia available in the network.
And with UPSes that beep when they kick on, it's become very apparent that this happens basically daily during the summer, when power demand for air conditioning is high.
Price the ancillary services and you will be swimming in them.
(And a DC grid would be much more difficult to manage: the nice thing about frequency is that it has to be pretty much the same over the whole grid, so it's a useful signal for the balance between supply and demand, while voltage is really quite sensitive to local effects)
That doesn't sound right to me. In the UK the legal requirement is to be within 1% so between 49.5 to 50.5 Hz.
In operation they aim for tighter than that at +/- 0.2 Hz, so 49.8 to 50.2 Hz, or 0.4%.
I can believe that other countries might have tighter limits but not that much!