Digital twin technology is an important tool for the digitalization of the power industry. A digital twin is a concept that allows for the creation of virtual copies of real objects that can be used for technical state analysis, predictive analysis, and optimization of the operation of power systems and their components. Digital twins are used to address different issues, including the management of equipment reliability and efficiency, integration of renewable energy sources, and increased flexibility and adaptability of power grids. Digital twins can be developed with the use of specialized software solutions for designing, prototyping, developing, deploying, and supporting. The existing diversity of software requires systematization for a well-informed choice of digital twin’s development tool. It is necessary to take into account the technical characteristics of power systems and their elements (equipment of power plants, substations and power grids of power systems, mini- and microgrids). The reviews are dedicated to tools for creating digital twins in the power industry. The usage of Digital Twin Definition Language for the description data of electromagnetic, thermal, and hydrodynamic models of a power transformer is presented.