There is disclosed a surge discriminating and locating system having at least one master station and at least one slave station. The system comprises surge receiving means for receiving surges which occur on a power transmission line, locating means for locating a point where the surge occurs, digitizing means for digitizing said surge into a digital signal, extraction means for extracting from said digital signal the characterized portions thereof as information representative of the surge waveform, memory means for storing predetermined reference information concerning the nature of surges, and discriminating means for comparing said information representative of the surge wave form with said reference information stored in said memory means to discriminate the kind of surge.