Transformer losses are influenced by hysteresis and eddy current effects, particularly due to the nonlinear magnetization current caused by high field strengths in the core. Harmonics contribute to losses by altering the shape of the current, with hysteresis losses being relatively stable across low frequencies, while eddy current losses increase with the square of frequency. The relationship between the primary and secondary voltages is crucial, especially in tightly coupled transformers, as it affects the reactive power needed for excitation. Analyzing the emerging waveform into its harmonics is essential to determine the overall losses accurately. Ultimately, the input power is comprised of the wanted power, harmonic power, and dissipated power, with frequency sensitivity complicating the analysis of these components.