We present communication frameworks, models, and protocols of smart grid Internet of Things (IoT) networks based on the IEEE and IEC standards. The measurement, control, and monitoring of grid being achieved through phasor measurement unit (PMU) based wide area measurement (WAM) framework. The WAM framework applied the IEEE standard C37.118 phasor exchange protocol to collect grid data from various substation devices. The existing frameworks include the IEC 61850 protocol and programmable logic controllers (PLCs) based supervisory control and data acquisition (SCADA) system. These protocols have been selected as per the smart grid configuration and communication design. However, the existing frameworks have severe synchronization errors due to the communication delays of IoT networks in the smart grid. Therefore, this article designs the timing mechanism and a delay model to reduce the timing delay and boost real‐time measurement, monitoring, and control performance of the smart grid WAM applications. The result shows that the proposed model outperformed the existing WAM system.