ABSTRACT

Ever icereasig energy demand of morden society,demands intelligent energy management solution.The smart grid is one of such solution which handles the automated operation of all conventional power apparatus in interconnected power grid and manages grid interaction of unconventional energy source along with and real time handling of demand dispatch and reduces power crisis. Nation across the world is faced with challange of increasig power production while reducing carbon footprint.They need to minimize powerlosss and down time ,harnesss alternative power source and so on.This smart grid managment requires seamless flow of information / data through highly integrated communications networks. inorder to take decision and initiate the control action ,the smart grid is required.increasig complexity of power grids,growing demand,and requirement for greater grid relibility,security and efficiency as wel as environmental and energy sustainability concerns continue to highlight the need for a quantum leap in harnessing communication and information technologies.The paper critically reviews thecapability of integrating alternative sources of electricity such as renewable resources.This leap toward a "smarter" grid is now widely referred to as "smart grid". reliability impacts of major smart grid resources such as renewable,demand response,storage.There is lot of reasons to implement smart grid and lot of technology and trends to understand before doing so. A smart grid includes an intelligent monitoring system that keeps track of all electricity flowing in the system. It also incorporates the use of supercondutive transmission lines for power loss,as well as less