I. Introduction
UTILITY managers are charged with optimizing the asset value of power equipment. This involves ensuring optimal utilization in terms of power flow and asset life. The greater use of energy trading means that contracts need to be made and kept, often on a short-term basis, and often for an increased power flow—but without compromising security standards. It should also be made on the basis of an understanding of the consequence on asset life. This requires that system operators have access to an instant or current display of the thermal capability of the system: the dynamic rating. Post fault recovery also presents a similar situation. The interest is therefore to have a variety of tools and systems for a variety of the key system assets [1], [2]. Power transformers represent the most expensive assets in a substation. When they are purchased, the specification identified a thermal rating. This is based on a factory heat run test and Standards such as IEEE C57.91-1995 and IEC 354. Generally, the important aspect for ratings of a power transformer is not that the unit cannot withstand an increased load—but rather that the insulation life reduces as the temperature is increased.