Smart grid is a form of electricity network utilizing digital technology to improve reliability, optimize asset utilization, and enhance security. It uses integrated communication, power automation, smart meters, sensing and measurement, and advanced components. In Sri Lanka, smart grid implementation includes prepaid electricity metering by Dialog Axiata and solar power monitoring by JLanka. Worldwide, smart grids are used for generation and transmission expansion and reducing emissions. The advantages are reduced costs, failures, theft and carbon footprint while the disadvantages include needing continuous communication networks and being expensive to install.