A smart grid delivers electricity from suppliers to consumers using digital technology with two-way communications to control appliances at consumers’ homes using energy information provided by utility smart meters and energy monitoring devices. With the aim to save energy, reduce cost and increase reliability and transparency, this technology not only able to help us optimize our homes and businesses so we can buy electricity at the cheapest rates, it also allows everyone to sell unused power back to the system as a smart grid meter spins both ways. Want to know how you can save money and make money with your home’s power consumption system at the same time?
How Smart Grid Works
Smart grids essentially take an electricity grid and deliver to it communications and computer technology, so that suppliers can deliver electricity to consumers in a wider range of conditions, while also accommodating wind and solar power sources.
Such a modernized electricity network is being promoted by many governments as a way of addressing energy independence, global warming and emergency resilience issues.