The smart grid is the latest technology in electricity transmission and distribution. It operates on two-way communication between power users and distributors that help in understanding demand and supply pattern. This helps in saving costs, reducing the use of power, and also preventing wastage. It also helps in reducing carbon emissions. They can alert users during peak demand hours, which allows them to switch off appliances that consume high power. This way, a smart grid helps in managing power consumption. They come with several other benefits like:
- Consumers can opt for a prepaid connection with smart grids.
- Consumer power data can be monitored remotely. This means that there will be a minimum requirement for human resources to visit individual houses for generating bills.
- Smart grids help prevent power thefts.