A smart grid is a modernized electrical grid that uses the electricity consumption information from behaviours of
suppliers and consumers in an automated fashion to improve the efficiency, reliability, economics, and sustainability
of the production and distribution of electricity
Smart grids will provide more electricity to meet rising demand,
increase reliability and quality of power supplies, increase energy efficiency and allow efficient integration of low carbon
energy sources into power networks. Past two years have seen rapid technological advancements and shifting priorities among
industry players, as well as a clearer picture of the quantifiable benefits of smart grid technology like improved grid
reliability and economics, business is booming. Falling costs for devices and communications networking, combined with the
increasing emphasis on reliability and energy efficiency, will lead to robust growth in the substation and distribution
automation markets.
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