Abstract

This paper revolves around the modification and improvement required for increasing the efficiency of the power generation and distribution system. As the demand for electricity and power consumption is increasing day by day, more efficient and capable system is required to reduce the burden and complicatedness of the power grid. The transformation or conversion of conventional power grid to smart grid which contains number of actuators, sensors and transducers which provides ability to control, analyse and maintain the grid which provides support for various types of new loads that are introducing in current period. Along with that, the involvement and guidance of the human element is also increasing rapidly in the power generation and distribution station. This involvement allows the monitoring, analysing, and recording the information to be done more precisely with less factors of error. Based on this, the simulation and integration of renewable energy sources simulated through MATLAB/Simulink reduces the burden on non-renewable source of energies such as Coal, Fuel, etc. Although it will be impossible to replace these sources completely but integrating such sources along with smart grid will allow to monitor and share information regarding the grid and its performance much efficiently. The data shared from smart grid plays a valuable role in estimation energy consumption and what may the demand in the future.

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