I. Introduction
Shunt capacitor banks (SCBs) are used in electric power systems for reactive power support, harmonic filter, and power factor improvement [1], [2]. The size of SCB depends on the system voltage level and its reactive power rating. Several capacitor elements (typically in few hundreds) are connected in series and parallel to form a bank [3]. The dielectric breakdown of a capacitor element in the SCB causes an internal short circuit. As a result, remaining capacitors experience voltage stress and overcurrent, which may lead to internal cascading failure of the SCB. From IEEE standard (C37.99-2012), a capacitor element can withstand up to 110% of rated voltage and 135% of rated current [4] for continuous operation. Therefore, fast protection is desirable to minimize and limit further damage to the capacitor bank.