Energy efficiency means to perform any task by using less energy which is reducing energy waste. This awareness, Energy efficiency brings a variety of benefits such that reducing greenhouse gas emissions, reducing demand for energy imports, and lowering our costs on a household and economy-wide level. Energy efficiency, is the goal to reduce the amount of energy required to provide products and services.
We know that an electric power grid is a network of power generators, transmission lines, transformers, and distribution/relay systems to provide its consumers (residential, industrial, and commercial) with the power they need. After many decades of development, it has been realized that various utilities can interconnect to achieve greater reliability of overall power system by compensating for unexpected failures as well as disconnections from power devices, i.e., transmission lines and generators. Smart Grid refers to the electric grid, a network of transmission lines, substations, transformers and more that deliver electricity from the power plant to your home or business. A Smart Grid is a digital electrical grid that facilitates the gathering and distribution of information with regard to the usage of power by suppliers and consumers. This will lead to electricity services becoming more reliable, efficient, cost-effective, and environmentally conscious.
Adavance metering gives you more control. They can set preferences and let the system automatically make adjustments based on the cost or availability of energy. In Adavance metering System, an electronic device that records consumption of electric energy and communicates the information to the electricity supplier for monitoring and billing. Adavance metering System enable two-way communication between the meter and the central system.