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In order to successfully integrate superconducting fault current limiters (SFCL) into electric power system networks, accurate and fast simulation models are needed. This led us to develop a generic electric circuit model of an inductive SFCL, which we implemented in the EMTP-RV software. The selected SFCL is of shielded-core type, i.e. a HTS hollow cylinder surrounds the central leg of a magnetic core, and is located inside a primary copper winding, generating an AC magnetic field proportional to the line current. The model accounts for the highly nonlinear flux diffusion phenomenon across the superconducting cylinder, governed by the Maxwell equations and the non-linear E-J relationship of HTS materials. The computational efficiency and simplicity of this model resides in a judicious 1-D approximation of the geometry, together with the use of an equivalent electric circuit that reproduces accurately the actual magnetic behavior for the flux density (B) inside the walls of the HTS cylinder. The HTS properties are not restricted to the simple power law model, but instead, any resistivity function depending on J, B and T can be used and inserted directly in the model through a non-linear resistance appearing in the equivalent circuit.