Smart grid -A vision for the future

The term “smart grid” represents a vision for a digital upgrade of distribution and long distance transmission grids by using robust two-way communications, advanced sensors, advanced metering, automation, communication, distributed generation, distributed storage and distributed computers to improve the efficiency, reliability, self-healing, energy management, real-time pricing and safety of power delivery and use. The next-generation electricity grid, known as the “smart grid” is expected to address the major shortcomings of the existing grid. According to the International Energy Agency, India´s energy demand will more than double by 2030, potentially increasing the frequency of power outages even in the most developed areas of Delhi, Mumbai and Bangalore.