A method for managing smart alarms in an electrical system includes processing electrical measurement data from or derived from energy-related signals captured or derived by at least one intelligent electronic device of a monitoring and control system to identify at least one of power events in the electrical system, or alarms triggered in response to any identified power events. Information related to the identified power events and the identified alarms may be aggregated, and relevant event and/or alarm management groups and/or relevant event and/or alarm periods may be identified from the aggregated information. One or more actions may be triggered, avoided or avoid triggering in response to the identified event management groups and/or the identified event and/or alarm periods. Systems for managing smart alarms are also provided herein.
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