I. Introduction
Historically, the electrical grid of each country has been a ‘broadcast’ grid, where a few central power generators (i.e. power stations) produce electricity to cover demand in a country or region, and distribute this electricity to the end users via a large network of cables and transformers. While this model has served well for the last century or so, there is a growing need to reform the world's electrical grids, both from an aging infrastructure point of view and to address new environmental and societal challenges. In response to this need, national governments and relevant stakeholders are making significant efforts in the development of future electrical grids or “Smart Grids” see examples in [1] and [2]. Development of this new grid will require significant efforts in technology development, standards, policy and regulatory activities because of its inherent complexity. Smart Metering[3] is a key component of the future vision of smart grids.