In the paper is presented a method for fault location in the power grid through waveform matching of the recorded wave from failure with simulation from the static system model wave failure. The basis of the approach is comparing of the phase of the waves. The search process to find the best waveform match is actually an optimization problem. The genetic algorithm is used to find the optimal solution. The proposed method is suitable in cases where data from digital fault recorders are scarce. In these circumstances, the proposed approach provides more accurate results compared to the other known techniques. But for the correct operation of this method for fault locating in the system exercise influence both the form of the acquired form from digital fault recorders input data thus the correlation between the power transmission system and the static system model. Namely these issues are the subject of this paper.