This document provides an overview of smart grids. It discusses how smart grids use digital technology to save energy, reduce costs, and increase reliability by allowing for two-way communication between utilities and customers. Key benefits of smart grids include more choices for consumers and utilities, better integration of renewable energy, improved power quality and customer service, increased grid efficiency and resilience, and greater utilization of system assets. The document also outlines some of the core components and technologies that make up a smart grid system.