Fuse assembly including controlled separable contacts and power system including the same

A fuse assembly structured for use with a power circuit includes: a fuse holder defining a space and including first and second terminals structured to electrically connect to the power circuit; a fuse disposed in the space defined by the fuse holder; and a relay disposed in the space defined by the fuse holder. The relay includes separable contacts, an operating mechanism structured to open and close said separable contacts, and a control circuit cooperating with said operating mechanism to cause said operating mechanism to open or close said separable contacts. Current flowing between the first and second terminals flows through the separable contacts and the fuse and opening the separable contacts interrupts said current flowing between said first and second terminals.