Geomagnetically induced currents (GICs) at middle latitudes have received increased attention after reported power-grid disruptions due to geomagnetic disturbances. However, quantifying the risk to the electric power grid at middle latitudes is difficult without understanding how the GIC sensors respond to geomagnetic activity on a daily basis. Therefore, in this study the question “Do measured GICs have distinguishable and quantifiable long- and short-period characteristics?” is addressed. The study focuses on the long-term variability of measured GIC, and establishes the extent to which the variability relates to quiet-time geomagnetic activity. GIC quiet-day curves (QDCs) are computed from measured data for each GIC node, covering all four seasons, and then compared with the seasonal variability of Thermosphere-Ionosphere- Electrodynamics General Circulation Model (TIE-GCM)-simulated neutral wind and height-integrated current density. The results show strong evidence that the middle-latitude nodes routinely respond to the tidal-driven Sq variation, with a local time and seasonal dependence on the the direction of the ionospheric currents, which is specific to each node. The strong dependence of GICs on the Sq currents demonstrates that the GIC QDCs may be employed as a robust baseline from which to quantify the significance of GICs during geomagnetically active times and to isolate those variations to study independently. The QDC-based significance score computed in this study provides power utilities with a node-specific measure of the geomagnetic significance of a given GIC observation. Finally, this study shows that the power grid acts as a giant sensor that may detect ionospheric current systems.