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What is a "smart grid" and how can it improve the power grid?
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A smart grid is an electrical grid that uses advanced technology to monitor, control, and automate the delivery of electricity. It involves the use of digital technologies such as computer-controlled switching systems, remote monitoring and communication networks, distributed energy resources (e.g., renewable sources), and automated control systems to enable greater efficiency and reliability in the transmission, distribution, and consumption of electricity. Smart grids are designed to provide more reliable and efficient service, reduce costs, and increase customer satisfaction by improving the integration of renewable energy sources into the electric system. They also help to manage peak loads, allowing for better utilization of existing infrastructure and reducing the need for new investments.