Description

The smart grid can be viewed as a digital upgrade of the existing electricity infrastructure that minimizes the cost of energy and reduces emissions, and promises sustainability. A vast amount of data is generated and must be processed, so that the pertinent information is communicated to the appropriate planning and control centers in time for necessary decisions to be made and adaptations to take place. ‘Big data’ initiative worldwide has provided a unique window of opportunity for improving the analytical methods in smart grid operations. Creating information and knowledge from cause-effect understanding and dynamic models is an emerging technology to provide situational awareness and intelligence in control centers. New data analytics is a promising development that will enhance future energy management system solutions.