The paper proposes an algorithm to exclude the aperiodic components from short circuit currents. The computer-implemented algorithm allows locating a fault and a phase failure in 0.5 - 0.6 milliseconds. During this time interval, the magnetic cores of current transformers (CTs) do not reach saturation and processors receive undistorted information from the current transformers. Four measurements of instantaneous values of currents that are made in equal time intervals (sampling intervals) are sufficient to implement the algorithm. The exclusion of aperiodic components increases the accuracy of the fault location. The algorithm can also be used in the location of open-phase fault and in the digital relay protection based on the measurement of current and voltage.
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