A smart grid basically refers to an electrical grid which comprises various energy and operations measures such as smart appliances, smart meters, energy efficient resources, and renewable energy resources. Controlling the production and transmission of electricity and electronic power conditioning are the crucial factors pertaining to smart grid. Roll out of smart grid technology further infers an essential re-engineering of the industry of electricity services, although distinctive use of this particular is aimed at the technical infrastructure. Smart grid technologies are used in several application area such as telecommunications and manufacturing. It is further employed in in integrated communications, measurement and sensing, smart meters, phasor measurement units, distributed power flow control, smart generation of power employing advanced components, and automation of power systems. With the demand for power and efficient electricity transmission intensifying, the market for smart grid is likely to benefit extensively over the coming years. However, concerns centered on the communications technology which is the heart of of smart grid may create challenges.
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