Smart Grid Modernization: Opportunities and Challenges

Recently, there have been significant technological approaches for the bulk power grid. The customer demand is associated with conventional grid coupled large central generating stations through a high voltage transmission to a distribution system. Urban transmission systems are consistently progressing to meet the increasing needs for power and to replace old-pattern generation with native renewable generation and power provisions from outward green energy resources. Power grid is undergoing remarkable modernization towards advanced consistency, greater efficiency, and less cost by the incorporation of renewable energy and developed control technology. Quick developing nature of grid, consumer needs, and industrial invention situates substation modernization at the leading of grid transformation. Smart grid is essential to accomplish all the fastest technological reformations occurring in generation, transmission and distribution (T&D) of electric power, with growing application of sensors, computers and communications. In this study the recent trend and application of electric power grid is briefly enunciated.