I'm trying to understand what happens to a distribution transformer in relation to overvoltage conditions (in terms of core saturation and current flow; not insulation failure).
I understand that once the voltage has risen high enough to drive the magnetic core past the saturation point, that the magnetizing current will rise dramatically in relation to the increase in the flux field.

1. Is the current increase (on the primary) at this point analogous to a motor at locked rotor, where the resistance of the windings themselves are the limiting factor?

2. Is there a substantial difference in the amount of this current in relation to full load vs. no load on the secondary (other than the load itself)?