Significance of Smart Grids in Electric Power Systems: A Brief Overview

Abstract

Energy demand is a vital issue which must be dealt with great significance. With the advent of innovative communication technologies and advancements in power systems, the trend of conventional grid is gradually shifting to the modern grid. Smart grids play an important role in various energy issues. The paper discusses the basics of smart grids including; its definition, major advantages and challenges, key elements, chief impacts, and communication technologies deployed. In the end, a suggested novel methodology, employing smart grid, is also provided. The information provided in this paper has been gathered from published literature and various studies found on the subject, as well as ongoing projects. Successful implementation of smart grids will open more pathways for future research direction in power systems.