Smart Grid is an Electrical Grid with Automation, Communication and IT systems that can monitor power flows from points of generation to points of consumption (even down to appliances level) and control the power flow or curtail the load to match generation in real time or near real time. Smart Grids can be achieved by implementing efficient transmission & distribution systems, system operations, consumer integration and renewable integration. Smart grid solutions helps to monitor, measure and control power flows in real time that can contribute to identification of losses and thereby appropriate technical and managerial actions can be taken to arrest the losses.
Transform the Indian power sector in to a secure, adaptive, sustainable and digitally enabled ecosystem that provides reliable and quality energy for all with active participation of stakeholders.
Smart grid has several positive features that give direct benefit to consumers:
Smart Grid will also facilitate distributed generation, especially the roof top solar generation, by allowing movement and measurement of energy in both directions using control systems and net metering that will help “prosumers” i.e. the consumers who both produce and consume electricity, to safely connect to the grid.
Several groups of the society are provided with multiple benefits through the Smart Grid implementations. Such include utility, customers and the regulators while some of the benefits include: