A Δ/Y-coupled transformer cannot transfer a neutral current (no neutral on the Δ-side). In a power-line no power is transferred due to the neutral current as 0V*1000A = 0W, so the neutral current only results in ohmic losses (P=I2*R.Therefore we want to eliminate the neutral current so that the phasecurrents: Ia + Ib + Ic = 0 (KCL). Of course these phase-currents also result in ohmic losses, but they result in a power-transfer as well.
So Δ/Y-transformers are inserted to minimize losses. The grounding on the Y-side is used to keep the voltage potentials within some "known space".