“The smart grid isn’t a thing but rather a vision… It must be more reliable...more secure...more economic…more efficient…more environmentally friendly…(and) It must be safer. A “smart grid” can be (characterized as) a “transactive” agent…(that) will:
Enable active participation by consumers…
Accommodate all generation and storage options...
Enable new products, services, and markets…
Provide power quality for the digital economy...
Optimize asset utilization and operate efficiently…
Anticipate and respond to system disturbances (self-heal).
Operate resiliently against attack and natural disaster.
Achieving the vision is dependent upon participant circumstances and involves:
Empowering consumers by giving them the information and education they need to effectively
utilize the new options provided by the smart grid…
Improved reliability and “self-healing” of the distribution system…
Integration of the transmission and distribution systems to enable improved overall grid operations
and reduced transmission congestion…
Integration of the grid intelligence acquired to achieving with new and existing asset management
applications…
Source: Smart Grid News, April 22, 2009. What is the smart grid?
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