In recent years, using power electronic equipment in residential and office buildings, commercial complexes, manufacturing unit's loads such as heating, lighting, domestic appliances have significantly increased. Since, most of them are single-phase with variable load pattern, LV power systems are imbalanced and harmonic polluted. The presence of harmonics in imbalance power systems can generate vital problems such as excessive neutral current losses and costs. Therefore, a detailed study into these systems is essential. In this paper, instantaneous neutral power is used as an indication of identifying imbalances in low voltage systems. By applying Matrix Pencil Method to instantaneous neutral power, and based on the rules introduced, the harmonics that have contributions in unbalancing of the system are found. According to this result and according to another set of proposed rules, the loads that affect power losses are identified in order to be switched between phases and, further, to optimize the loss in neutral conductor.