Abstract
The electrical power sector globally is experiencing an advanced evolution and expansion of the conventional electrical grid. This transformation is in response to the advanced technologies and the latest environmental policies. The conventional grid has many alarming problems associated with it such as harmful emissions, poor efficiency, poor reliability, poor monitoring and control, lacking smart field devices and sensors, etc. Thus, the smart grid has evolved as a vital tool to address the shortcomings of the conventional power grid with increased reliability, efficacy, security, and sustainability. However, the implementation of smart grid technologies has been a challenging issue. The electricity regulatory commissions (ERCs) of the respective countries are undergoing frequent amendments in the electricity regulating policies and standards. Thus, to assess the impact of initiatives taken in the implementation of smart grid policies requires comprehensive analysis. This work presents a review of the initiatives undertaken by the electricity regulating utilities for the prolific implementation of smart grid technologies. Various policies and measures taken by the respective countries are also presented in this work, enlisting the objective of each measure.
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