Abstract
This paper presents a detailed review on performance indicators for smart grid (SG) such as voltage stability enhancement, reliability evaluation, vulnerability assessment, Supervisory Control and Data Acquisition (SCADA) and communication systems. Smart grids reliability assessment can be performed by analytically or by simulation. Analytical method utilizes the load point assessment techniques, whereas the simulation technique uses the Monte Carlo simulation (MCS) technique. The reliability index evaluations will consider the presence or absence of energy storage elements using the simulation technologies such as MCS, and the analytical methods such as systems average interruption frequency index (SAIFI), and other load point indices. This paper also presents the difference between SCADA and substation automation, and the fact that substation automation, though it uses the basic concepts of SCADA, is far more advanced in nature.
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