This paper presents the use of identification reference nets (IRNs) for modeling electric power system (EPS) components using electrical machines (EMs) as an example. To perform this type of task, a database of reference nets is necessary, to which the identification net (IN) of the modeled machine is adjusted. Both the IRN and IN are obtained by using a special algorithm that allows the relevant transfer function (TF) to be converted to the rounded trajectory. This type of modeling can be a useful tool for the initial determination of parameters included in the TF associated with the EM, preceding advanced parametric identification procedures, e.g., those based on artificial intelligence methods. Two types of electrical machines are considered, i.e., the squirrel-cage asynchronous (SCA) and brushless direct-current (BLDC) machines. The solution proposed in this paper is a new approach intended for modeling EPS components.