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What is a “smart grid”?
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A smart grid is an electrical grid that uses modern technology to improve efficiency and reliability. It typically involves the use of advanced sensors, communication networks, and control systems to monitor and manage energy usage more effectively. The goal of a smart grid is to reduce energy waste and increase energy security by providing consumers with real-time information about their energy usage and allowing them to take actions such as switching off appliances or adjusting thermostats when needed.