Abstract: A smart grid is an evolved grid system that manages electricity demand in a sustainable, reliable and economic manner, built on advanced infrastructure and tuned to facilitate the integration of all involved. In the world of the Smart Grid, consumers and utility companies alike have tools to manage, monitor and respond to energy issues. The flow of electricity from utility to consumer becomes a two-way conversation. Smart grids will provide more electricity to meet rising demand, increase reliability and quality of power supplies, increase energy efficiency, is able to integrate carbon free energy sources into power networks. One of the most important ways you can get involved with the Smart Grid is to take advantage of time-of-use programs. Smart meters and home energy management systems allow customers to program how and when their home uses energy. Throughout the day the demand for energy changes. It’s usually lowest in the middle of the night and highest from about noon to 9 p.m., but it can vary according to weather patterns and what’s happening during that time. Power plants and utilities have to work harder to meet the needs of electric consumers when the demand is highest. Time-of-use rates encourage you to use energy when the demand is low by giving you a lower price for electricity during those times. With a home computer or hand-held mobile device, you will be able to see when prices are highest and be alerted when prices go up, so you can remotely turn off unnecessary appliances until demand lowers and prices go back down. So because of these benefits smart grid is future for electrical systems.
Keywords: Smart Meter, Smart grid, PMU, time-of-use programs.
Title: Smart Grid-Future for Electrical Systems
Author: K.M. Ravi Eswar
International Journal of Electrical and Electronics Research
ISSN 2348-6988 (online)
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