Certain embodiments of the invention may include systems and methods for asset condition monitoring in electrical power substation equipment. According to an example embodiment of the invention, a method is provided for detecting behavior in electrical substation equipment. The method may include receiving realtime data associated with a plurality of parameters associated with the substation equipment, storing at least a portion of the realtime data over a period of time, wherein the stored data comprises historical data, comparing the realtime and historical data, and generating a report based at least in part on a comparison of the realtime data and historical data.