Application of Fault Current Limiters (FCL’s) seems a promising alternative to upgrade system breakers and switchgears in areas with heavy demand growth. These devices are mainly expected to improve reliability by reducing fault current values to levels interruptible by existing switchgears, and therefore ensuring safer and more reliable operation of power apparatus. Power substations are one of the ideal candidates for application of FCL’s. In this work, Monte Carlo simulation method has been used to study performance of fault current limiters and their impacts on different components. Results show effectiveness of these device in reducing the average fault current passed through power system components and reducing the associated burdens
