A review on smart grid initiatives and power structure in India

For meeting electric power demand of our rapid expanding economy, the power industry restructuring is the necessary measure. The introduction of Grid connected Hybrid system at various level in the Indian power system is being recommended the advanced automatic mechanism which is needed to be adapted. Smart Grid is being introduced for making the grid operation to be intelligent and smarter. Introduction of Smart grid operation is also leading up new opportunities and opportunity with significant financial advantages. The current status of the electric power market and appropriate method for smart grid installation in India is studied for the potential power market advancement with smart grid introduction. This work area is presenting the smart grid initiative and implication in power market evolution in India.