Smart grid refers to the transformation of the electric power system into an “energy Internet” allowing utilities and customers to share information in real time, often automatically, so that both sides can more effectively manage electricity use. A smart grid promises to make the outdated power system more reliable, preventing losses and thefts, which cost the nation a lot. Smart grid also could dramatically reduce energy use and emissions. If fully deployed—and accompanied by policy support for decentralized power, renewable power—smart grid could reduce energy use and emissions.
Clearly, in addition to reliability, energy efficiency and other societal benefits, the development of a smart grid will create economic opportunities. Many Utilities are moving quickly to provide a widening array of new devices, software, controls, communications, and services.
Advanced metering infrastructure (AMI) is architecture for automated, two-way communication between a smart utility meter with an IP address and a utility company. The goal of an AMI is to provide utility companies with real-time data about power consumption and allow customers to make informed choices about energy usage based on the price at the time of use.
AMI is seen as an important part of any smart grid initiative.
• Managing Demand and Supply
• Distribution Network Management
• Revenue Protection ( Losses Control)
• Variable Pricing Structures
• Improved Data Quality
• Shorter Billing Cycle and DSO
• Reduced Load In Complains from Consumers
• Customer Intelligence