Smart Grid

Abstract

With no less than half a billion people in the world without electricity supply, and electricity being the back bone for technological development, it makes sense that electricity is the center of discussion. While innovation and technology have radically transformed other industrial sectors, the electric system, has continued to operate the same way for decades. The real challenge today is not to meet the minimum functionality but to be prepared for future demands. These demands make it necessary for the transformation from regular grid to a Smart Grid. In this paper, the Smart Grid was evaluated for its impacts on the environment, industry, and the global population. Additionally, the role of ICTs in solving the hurdles of Smart Grid has been examined.