This document discusses using IEEE 1588 Precision Time Protocol (PTP) for time synchronization in power substations and smart grids. It recommends having a timing strategy that uses PTP according to defined profiles like IEEE C37.238 for power systems. This provides more accurate time synchronization than older methods like IRIG-B, with redundancy and management capabilities. The document also warns that relying solely on GPS for timing leaves systems vulnerable and that a single timing solution will not scale for power grids of the future.