Power Frequency Overvoltages in Power Systems:
The Power Frequency Overvoltages occur in large power systems and they are of much concern in EHV systems, i.e. systems of 400 kV and above. The main causes for power frequency and its harmonic overvoltages are

Sudden loss of loads,

Disconnection of inductive loads or connection of capacitive loads,

Ferranti effect, unsymmetrical faults, and

Saturation in transformers, etc.
Power Frequency Overvoltages harmonics and voltages with frequencies nearer to the operating frequency are caused during tap changing operations, by magnetic or ferroresonance phenomenon in large power transformers, and by resonating overvoltages due to series capacitors with shunt reactors or transformers.
The duration of these overvoltages may be from one to two cycles to a few seconds depending on the overvoltage protection employed.
1.Sudden Load Rejection:
Sudden load rejection on large power systems causes the speeding up of generator intervene to restore normal conditions. But initially both the frequency and voltage increase. The approximate voltage rise, neglecting losses, etc. may be taken as
where x_{s} is the reactance of the generator (≈ the sum of the transient reactances of the generator and the transformer), x_{c} is the capacitive reactance of the line at open end at increased frequency, E’ the voltage generated before the overspeeding and load rejection, f is the instantaneous increased frequency, and f_{0} is the normal frequency.
This increase in voltage may go to as high as 2.0 per unit (p.u.) value with 400 kV lines. The voltage at the sending end is affected by the line length, short circuit MVA at sending end bus, and reactive power generation of the line (due to line capacitive reactance and any shunt or series capacitors). Shunt reactors may reduce the voltage to 1.2 to 1.4 p.u.
2.Ferranti Effect
Long uncompensated transmission lines exhibit voltage rise at the receiving end. The voltage rise at the receiving end V_{2} is approximately given by
Considering that the line capacitance is concentrated at the middle of the line, under open circuit conditions at the receiving end, the line charging current
where
X_{L} = line inductive reactance, and
X_{C} = line capacitive reactance.
This approximation is shown in Fig. 8.19.
Equation (8.39) gives a better approximation when the line distributed parameters R, L, G, and C per unit length are known.
3.Ground Faults and Their Effects
Single line to ground faults cause rise in voltages in other healthy phase. Usually, with solidly grounded systems, the increases in voltage (phase to ground value) will be less than the linetoline voltage. With effectively ground systems, i.e. with
(where, R_{0} and X_{0} are zero sequence resistance and reactance and X_{1} is the positive sequence reactance of the system), the rise in voltage of the healthy phases does not usually exceed 1.4 per unit.
4.Saturation Effects
When voltages above the rated value are applied to transformers, their magnetizing currents (no load currents also) increase rapidly and may be about the full rated current for 50% overvoltage. These magnetizing currents are not sinusoidal in nature but are of a peaky waveform. The third, fifth, and seventh harmonic contents may be 65%, 35%, and 25% of the exciting current of the fundamental frequency corresponding to an overvoltage of 1.2 p.u. For third and its multiple harmonics, zero sequence impedance values are effective, and delta connected windings suppress them. But the shunt connected capacitors and line capacitances can form resonant circuits and cause high third harmonic overvoltages. When such overvoltages are added, the voltage rise in the lines may be significant. For higher harmonics a series resonance between the transformer inductance and the line capacitance can occur which may produce even higher voltages.