A smart grid uses analogue or digital information and communications technology to gather and act on information, such as information about the behaviors of suppliers and consumers, in an automated fashion to improve the efficiency, reliability, economics, and sustainability of the production and distribution of electricity.
The information flows in the electricity cables, or with wireless commun
If you follow the energy sector, you’d be aware that the word “smart” gets bandied about quite a lot. Smart meters, smart cities and smart grids are all the rage. New South Wales based retailer and distributor EnergyAustralia has picked up a neat $100M as the winning bidder for the "Smart Grid, Smart City" project.