Abstract: A distributed monitoring and protection system for a distributed power network. The system includes a plurality of high-speed measuring units (MUs), wherein each MU is coupled to a power line to measure values of electrical parameters of the power line. Electrical parameters, such as current, voltage, power and frequency are measured by the MUs. The MUs communicate with a control unit (CU) over a high-speed communications network. The CU includes a processor executing algorithms for evaluating the measured parameters to determine the status of the power network and the MUs. The processor also executes fault detection and isolation by comparing the measured values against predetermined threshold values. When a fault is detected by the CU, protective action, such as tripping of a circuit breaker, may be initiated by the CU directly or by transmitting the tripping command over the high speed data network to a local MU. The local MU may then trip the circuit breaker.