ABSTRACT
Smart grid is coined as the future power system network which is able to manage the entire power system network and provides two-way communications with the end users. Smart grid is an efficient tool which provides effective utilization of generated power which in turn reduces the production cost. The concept of smart grid is growing exponentially for continuous advancement in technologies. The need of the smart power management system is must since more renewable energy sources are connected to the distribution system. In this chapter, a study based on the challenges faced by the smart grid interfacing is presented along with the future research perceptive of the smart grid. The worldwide status of the smart grid implementation is also adapted in this chapter. The technologies such as advance metering infrastructure, information and communication technologies are also described to provide an overlook of the smart grid system.
