In this paper we present an identification algorithm for a class of continuous-time hybrid systems. In such systems, both continuous-time and discrete-time dynamics are involved. We apply the expectation-maximisation algorithm to obtain the maximum likelihood estimate of the parameters of a discrete-time model expressed in incremental form. The main advantage of this approach is that the continuous-time parameters can directly be recovered. The technique is particularly well suited to fast-sampling rates. As an application, we focus on a standard identification problem in power electronics. In this field, our proposed algorithm is of importance since accurate modelling of power converters is required in high- performance applications and for fault diagnosis. As an illustrative example, and to verify the performance of our proposed algorithm, we apply our results to a flying capacitor multicell converter.