A smart grid is an electrical grid which includes energy measures including smart meters, renewable energy resources, and energy efficiency resources. Electronic power conditioning and control of the production and distribution of electricity are important aspects of the smart grid.
Smart Grid provided efficient and reliable end-to-end intelligent two-way delivery system from source to destination through integration of renewable energy sources, smart transmission and distribution. Smart Grid technology useful growing electricity demand with reliability and best of the quality.
Smart Grid also applicable real time monitoring and control of power system as well as helps in demand response and demand side management, power quality management, outage management, smart home energy system etc. Smart Grid will act as a backbone infrastructure to enable new business models like smart city, electric vehicles, smart communities apart from more resilient and efficient energy system and tariff structures.