What Does Smart Grid Mean?
A smart grid is an electricity network based on digital technology that is used to supply electricity to consumers via two-way digital communication. This system allows for monitoring, analysis, control and communication within the supply chain to help improve efficiency, reduce energy consumption and cost, and maximize the transparency and reliability of the energy supply chain. The smart grid was introduced with the aim of overcoming the weaknesses of conventional electrical grids by using smart net meters.
Techopedia Explains Smart Grid
Smart grid technology is an extended form of analog technology that has also been introduced for controlling the use of appliances by employing two-way communication. However, the prevalence of Internet access in most homes has made the smart grid more practically reliable to implement. Smart grid devices transmit information in such a way that enables ordinary users, operators and automated devices to quickly respond to changes in smart grid condition systems.
