a smart grid demonstration project is currently underway in the island of jeju the ability to collect and transmit realtime data as well as measurement devices permitting twoway communication allow for remote reading and greater demandside participation smart meters also offer a broader set of tariffs based on realtime prices distributed energy resources are smallscale power generation technologies typically in the range of to kw located close to where electricity is used eg a home or business to provide an alternative to or an enhancement of the traditional electric power system california energy commission