What are the hazards associated with oil filled transformers?

The hazards associated with oil filled transformers primarily include fire and explosion risks due to the flammable nature of transformer oil. Additionally, leaks can lead to environmental contamination, posing risks to soil and water resources. The dielectric properties of transformer oil can degrade over time, leading to insulation failures. Regular maintenance and monitoring are essential to mitigate these hazards and ensure safe operation of oil filled transformers.