The behaviour of a grounding electrode can be predicted by using either the electrical circuit model or electromagnetic computation. Despite its advantages over the latter, the grounding circuit model fails to accurately predict the behaviour under transient conditions due to the absence of two key factors, namely the soil ionization, and the current rate–of–rise. A new equivalent circuit model of a grounding electrode with dynamic circuit elements (Rd, Cd, and Ld) was developed to consider both soil ionization and current rate–of–rise factors. A generalized formula was derived to calculate the dynamic inductance, Ld, for all standard current wave shapes such as Conseil International des Grands Réseaux Électriques (CIGRE), double–exponential, and IEC 62305–1 (International Electrotechnical Commission). The computed inductance, Ld, dynamically changes with the change in the lightning current parameters, thus improving its accuracy for all current rate–of–rise conditions. The consideration for the soil ionization effect on grounding electrode resistance, Rd, and soil capacitance, Cd, within the equivalent circuit model was achieved by modelling the soil with a network of two layer capacitors (TLC) in which soil particles and air voids are the TLC components. Differential equations were derived to incorporate the soil ionization phenomenon inside the TLC network. The voltage response of the new equivalent circuit model and the dynamic circuit elements were determined by using the above–suggested methods, is more accurate than that of the conventionally determined grounding circuit models. The overall differences between the equivalent circuit model and several experiments are 3.3% for the electrode resistance and 2.8% for the electrode peak voltage. The new equivalent circuit model helps to optimize the overall grounding electrode design, and to provide a better fast transient protection and insulation coordination
