Power systems can be modeled and analyzed using per-unit representations of components. Key models include:
1) Generator models that specify real and reactive power injection or terminal voltage and current.
2) Transformer models using an equivalent circuit with magnetizing reactance and resistance.
3) Load models like constant impedance, current, or power to represent different load characteristics.
4) Transmission lines modeled as series impedances.
The per-unit system allows analysis of different voltage levels on a common scale and simplifies modeling of components.