Smart Grid: A Sustainable Smart Approach

Abstract

In the modern power system, smart grid structure is getting admiration and edify a path of complete greener way of energy generation. This paper highlights each aspects of this framework to justify the energy demand in a sheltered, economical, trustworthy and environmental manner even the absence of storage structure at large level. It also facilitates the simultaneous objectives of demand monitoring and control with the amalgamation of renewable distributed generation having smart devices and storage system. A comprehensive review has been demonstrated with the smart operations unlike traditional power grid even the presence of some limitations for the establishment of advanced grid-based power network. The analysis presented in this paper is driven by the eventuality of relic fuel calamity, ecological contamination, diminution of electrical energy, enlargement necessity of power system, newness to emergent trends in proficient energy utilization and regularly increasing electricity bill. Objective of this presentation is to review and examine the different aspects of smart grid framework for the progression of generation companies and consumer with reference to its development and advancement report, techno-economical contests, conceivable benefits and future scope..