A method for phase controlled energizing of a power transformer includes acquiring electrical voltage signal from a voltage sensing device connected to the power transformer. Determining a first characterizing data in the voltage signal within a pre-determined set of cycles at about an opening operation of a circuit breaker and determining a second characterizing data within the pre-determined set of cycles in the voltage signal subsequent to the opening operation of the circuit breaker. Estimating a level of magnetization of the core of the power transformer based on at least one of second characterizing data, and the first characterizing data and the second characterizing data. Operating the circuit breaker at a determined instant of switching based on the estimated level of magnetization for a phase controlled energizing of the power transformer by the circuit breaker.