Power system transients are voltage or current spikes, sudden and brief increases or decreases in the supplied power. These can be harmful for some types of electronic devices, and can be seen by a brief flicker of either dimmer or brighter light from light bulbs.
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No, capacitor banks reduce harmonics. They act like a low pass filter. They also raise voltage by compensating for inductance and bringing the power factor back closer to 1. Capacitor banks in the power system can cause transients when randomly closed - many utilities use zero voltage closing equipment, or inductors to counteract this short time harmonic problem.
Transients -- they can be currents or voltages -- occur momentarily and fleetingly in response to a stimulus or change in the equilibrium of a circuit. Transients frequently occur when power is applied to or removed from a circuit, because of expanding or collapsing magnetic fields in inductors or the charging or discharging of capacitors.
Reactive power entering the system will increase the system voltage.
Power Systems or Transmission & Distribution
power system