The following report was prepared and published by our sister platform SPEEDA—June 2023.

A smart grid is a modern electric system that utilises communication and networking technologies to enable a two-way flow of electricity and information. It can monitor all domains in a power grid, ranging from power plants to customer preferences and individual appliances. There are several key functionalities associated with a smart grid, including customer electricity usage optimisation, integration of distributed energy resources (DERs), real-time load management, dynamic capability rating, and automated voltage control.