This guide provides a step-by-step approach to relay circuit troubleshooting, covering everything from identifying relay failure analysis to relay coil testing and addressing relay contact problems. They safeguard equipment, prevent outages, and ensure the stability of power systems by detecting faults and isolating affected sections. PSM – Plug Setting Multiplier (Current Setting Multiplier) What is PSM? 2). TSM – Time. If you're an electrical engineer looking for actionable solutions to relay circuit problems, you're in the right place. Relay protection is often misunderstood as a.