Abstract
The electric grid that has the tendency to communicate two-way and can sense various parameters in the transmission line is termed as smart grid. This chapter deals about the overview of smart grid evolution, characteristics, and operation. There are various benefits in smart grid like improvement in efficiency, adaptive, self-healing, and optimized than conventional grid. The smart grid composition is complex and defined based on standards adaption, technical components perspective, technical perspective, and conceptual reference model perspective. In the architecture of smart grid, the role of advanced metering infrastructure (AMI) plays a vital role to sense, measure, record, and communicate the data from load centre to data centre. AMI consists of smart meter, communication network, data reception, and management system. This chapter also covers the IEEE and IEC standards defined for smart grid operation. It also envisages the barriers in the implementation of smart grids.
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