Asynchronous loads (AL), because of their low negative-sequence resistance, produce the effect of reduced unbalance at their connection points. Therefore, proper modeling of unbalanced load flows in power supply systems requires properly accounting for AL. Adequate models of the induction motor can be realized in the phase frame of reference. The effective use of such models is possible only if accurate data on the parameters of induction motor equivalent circuits for positive and negative sequences are available. Our analysis shows that the techniques used to determine these parameters on the basis of reference data can yield markedly disparate results. It is possible to overcome this difficulty by applying parameter identification methods that use the phase frame of reference. The paper proposes a technique for parameter identification of models of individual induction motors and asynchronous load nodes. The results of computer-aided simulation allow us to conclude that by using parameter identification, we can obtain an equivalent model of an asynchronous load node, and such a model provides high accuracy for both balanced and unbalanced load flow analysis. By varying load flow parameters, we demonstrate that the model proves valid over a wide range of their values. We have proposed a technique for the identification of asynchronous load nodes with such asynchronous loads, including electrical drives equipped with static frequency converters. With the aid of the AL identification models proposed in this paper, it is possible to solve the following practical tasks of management of electric power systems: increasing the accuracy of modeling their operating conditions; making informed decisions when taking measures to reduce unbalance in power grids while accounting for the balancing adjustment effect of AL.