Abstract: A degradation level of transformer insulating oil can be checked by measuring leakage current of a sensor for measuring the degradation level of the insulating oil, in which DC power is applied to two electrodes of the sensor in the insulating oil for the transformer. In general, free carbons or nonsolute conductive particles are produced in the transformer insulating oil when used over long periods in the power transformer. The porous ceramic of the sensor for measuring degradation level of the insulating oil receives in the pores thereof the conductive impurity particles, and a conductive circuit is formed. Thus, this measurement for degradation level of insulating oil is based on the electric change states for the formation of the conductive circuit. Accordingly, by forming such structures, a method and apparatus for measuring degradation level of insulating oil by measuring leakage current of the sensor are provided.