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What is a “smart grid” and how will it affect my energy bill?
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A smart grid is an electrical grid that uses information technology to monitor, control, and optimize the generation, transmission, distribution, and consumption of electricity. It can help reduce energy waste by using more efficient technologies such as renewable sources, demand response programs, distributed energy storage, and smart meters. Smart grids are expected to lead to lower costs for consumers due to improved efficiency and better integration with other energy systems.