Greater numbers of power electronics (PEs) converters are being connected to energy systems due to the development of renewable energy sources, high-voltage transmission, and PE-interfaced loads. Given that power electronics-based devices and synchronous machines have very different dynamic behaviours, some modelling approximations, which may commonly be applied to run transient simulations of transmission systems, may not be optimal for future grids. Indeed, the systematic utilisation of the phasor approximation for power lines, implemented in most transient simulation programs, is increasingly not appropriate anymore. In order to avoid the requirement for full electromagnetic transient simulations, which can be resource-demanding and time-consuming, this paper proposes a combination of an event-based state residualisation approximation and the Kron reduction technique. The proposed technique has the advantage of allowing accurate transient simulations based on the optimal reduction of the number of state variables, depending on the observed variables, the considered events, and the tolerated approximation error, along with simplifying power systems equations for accelerated simulations.