In the last few years, a great number of methods for identifying the load model parameters have been proposed. This article discusses the use of statistical approach to estimate the substation equivalent load model parameters for supplying to oil-producing industrial region. The disadvantages of existing statistical approach are the low accuracy obtained for the parameter estimates, especially when using samples size is small. To eliminate this deficiency, the current measurement data archive from SCADA system of electrical parameters for 15 months was collected. For the purpose of verifying the obtained results of statistical processing of SCADA data, a full-scale experiment was carried out in relation to the studied substation. The article describes the statistical method used to process the current SCADA measurement data, the results of archived statistical processing and experimental SCADA data. The electrical load models’ parameters received from the experimental studies results are of practical importance.