In the performance evaluation of power transformers, the occurrence of eddy currents and their effects on the transformer tank have been widely modelled and studied for the cases of power frequency in the steady state. Nonetheless, for the cases when harmonic components are present (zero‐sequence flux) or for transient conditions (inrush or geomagnetically induced current (GIC) events) there is much to do. With this aim, this work presents the proposal in using temporal modelling for evaluating eddy currents in transformer tank walls in practical cases of sinusoidal, harmonic and transient excitations. Obtained results are compared with consolidated commercially available software based on finite elements for showing how good this proposition is.