The Smart Grid is an advanced power grid that can handle the cutting edge of today's digital and mechanical engineering equipment including a great deal of new energy technology such as renewable energy, state-of-the-art smart gadgets and smart gauges. Some important parameters of the smart grid are the electronic power regulation, as well as the control of electricity generation and distribution. The advantages of the smart grid include automatic recovery after technical disturbances, reduced peak demand, reduced operating costs and ultimate cost to consumers as well as overall increased resistance to damage and the ability to continuously integrate new technology concepts. Finally, the smart grid isless vulnerable to attacks and thanks to its smart meters, it has the continuous supervision of energy consumption based on IT processes.
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