• Smart Grids are a process, not a product.• May be best understood as the overlaying ofa unified communications and control systemon the existing power delivery infrastructure• It is the electricity delivery system integratedwith communication and informationtechnology.What exactly Smart Grid is?
• It provide right information to right entitythe right time to take right action• It is a system that optimizes power supplyand delivery, minimizes losses, is self-healing,and enables next-generation energyefficiency and demand responseapplications.SMART GRID(CONTD..)
OBJECTIVE OF SMART GRIDTo support the modernization of the Nationselectricity transmission and distribution system.
Typical components of a Smart Gridsystem• Smart Power Meters• Smart Substations• Smart distribution• Smart generation
A Smart Grid will exhibit keycharacteristics:• Self-healing and resilient• Asset optimization and operational efficiency• Enable demand response• Power quality• Market empowerment
Engineering Economics and FinancialBenefits of Smart Grid• Optimizing the value of existingproduction & transmission capacity.• Improvement in energy efficiency.• Improving assets and overall production.
Challenges for Smart Grid• Financial resources• Government support• Compatible equipment• Lack of policy and regulation• Capacity to absorb advanced technology
If Smart Gird is implemented then:• Our power sector can become more efficient,reliable, adaptive and smarter.• Consumer, Companies &Communities savepower and money.• And ultimately this would result in lower level ofGreen House effects because of reducedemission Green House gases.