Proton exchange membrane fuel cells (PEMFCs) play a key role in hydrogen-based energy systems; however, accurate and practical modelling remains challenging due to system nonlinearities, parameter variability, and degradation effects. This paper presents a low-complexity parameter estimation methodology for a simplified PEMFC equivalent circuit model using current-switching techniques. The approach enables direct extraction of key parameters, including internal resistance and capacitance, from transient voltage responses without requiring complex optimization or large datasets. Experimental validation was conducted using 100 W and 1 kW PEMFC systems under current loading and interruption conditions. The results demonstrate good agreement between measured and simulated voltage responses, with a maximum error below 10% and typical error levels in the range of ~1.4–3%. Compared to conventional mechanistic and data-driven models, the proposed method significantly reduces computational complexity and measurement requirements while maintaining high predictive accuracy. Moreover, the combination of the simplified equivalent circuit model with current-switching-based parameter estimation offers an effective and practical tool for electrical engineers, enabling real-time monitoring, control-oriented modelling, and seamless integration with power electronic systems. The proposed approach is particularly suitable for applications in DC microgrids and digital twin-based monitoring of hydrogen energy systems.