What is smart Grid? | Definition | Characteristics | Features

Definition of smart grid:

A smart grid is an electricity network built on digital technology that uses two way digital communication to supply electricity  to consumers. This system enables for supply chain monitoring, analysis, control and communication in order to improve efficiency, lower energy consumption and costs and increase the energy supply chains transparency and reliability. The smart grid was created to address the shortcomings of traditional electrical grids by utilizing smart net meters.

Characteristics of smart grid:

  • Monitoring in real time
  • Improved energy management
  • Mechanisms for dynamic pricing
  • Outage management that is automated and restored more quickly.
  • In-house exhibits
  • Mobile apps and web portals.
  • Keep track of and manage your energy consumption
  • Encourage customers to change their behavior based on pricing signals at different times of the day 
  • Possibilities to minimize and conserve electricity.
Features of smart grid system:
  • It is capable of self repair.
  • It offers a reliable, high quality power supply that is free of power leaks.
  • It promotes customer involvement is grid operations.
  • It might be run more efficiently.
  • It enables the electrical markets to expand and generate revenue.