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The article presents a criterion for choosing the optimal type of wavelet function for digital processing of current and voltage values in the analysis of the electric network mode. The increase in the share of electric receivers that distort the quality of electricity sets the task for researchers to use more advanced mathematical tools for analyzing and modeling such power supply systems. The discrete wavelet transform allows the harmonic analysis of currents and voltages under non-stationary non-sinusoidal modes. One of the key tasks in the development of digital technologies in the electric power industry is the creation and development of intelligent electric networks with the introduction of new algorithms for digital data processing and decision making. In this case, algorithms for compression and remote recovery of data on the consumption and production of electrical energy in the cloud should be developed. The wavelet transform eliminates the negative spreading effect characteristic of the Fourier transform in the analysis of non-sinusoidal non-stationary modes. Based on the Parseval equality, the wavelet transform makes it possible to determine the spectrum energy of individual frequency ranges determined by the depth of decomposition and the sampling frequency of the signal under study. The calculation of the energy of the spectrum of wavelet coefficients allows the compression of the flow volume of instantaneous values of voltages and currents. The article presents the results of continuous and discrete wavelet current conversion when switching a battery of static capacitors. Information compression ratio exceeded 5.3. The wavelet transform was performed using eight different wavelet functions. The criterion for choosing the optimal mother wavelet determines the condition of the maximum energy of the spectrum and the minimum standard deviation when restoring the original signal.