The European Electricity Networks of the Future initiative and the Smart Grid vision of the US Department of Energy call for “the construction of a 21st century electric system that connects everyone to abundant, affordable, clean, efficient, and reliable electric power anytime, anywhere,” through a smart grid. Among the goals of the smart grid vision is to give the ability to providers, researchers, policymakers, and consumers to work together to define the functions needed in a smart grid. These stakeholders have identified several important characteristics or performance features for the future smart grid, including:
- self-healing from power disturbance events,
- active participation by consumers in demand response,
- operating resiliently against physical and cyber attacks,
- enabling new products, services, and markets, and optimizing assets and operating efficiently.
- These advancements will be achieved by modernizing the electric grid with information-age technologies, such as microprocessors, communications, advanced computing, and information technologies.