A method for automatically identifying, analyzing and reducing extraneous waveform captures (WFCs) includes capturing at least one energy-related waveform in an electrical system using at least one waveform capture device. The at least one captured energy-related waveform is analyzed to determine whether the at least one captured energy-related waveform meets the criteria of being considered an extraneous WFC, a partially extraneous WFC, a redundant WFC, or a provisional WFC. In accordance with some embodiments of this disclosure, one or more actions are performed in response to determining the at least one captured energy-related waveform meets the criteria of being considered an extraneous WFC, a partially extraneous WFC, a redundant WFC, or a provisional WFC.