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Migration to an electronically controlled electrical grid to transmit, distribute, and deliver power to consumers has helped enhance the reliability and efficiency of conventional electricity systems. At the same time, this digitally enabled technology called the Smart Grid has brought new challenges to businesses and consumers alike. A key component of such a grid is the smart-metering technology, which is used to collect energy consumption data from homes and transmitting it back to power distributors. A crucial concern is the privacy related to the collection and use of energy consumption data. We present an analysis of Smart Grid privacy issues and discuss recently proposed solutions that can protect the privacy of Smart Grid users.