The Application of Smart Grid Power System through Interconnection of Active Distribution Management in Better Performance of Network Management - A Correlation Analysis Approach

Abstract

The advent of technologies has enabled in transforming the overall energy market in a sustainable manner, the usage of smart grids supports the users and energy companies in understanding the change in the overall behaviour related to the electricity rates, it incorporates the necessary equipment and behaviour in the grid design, support in enhancing the distribution management through interaction between users and providers, which enables in enhancing the performance of the network management effectively. The implementation of smart grids and innovative technologies in the disruption management supports the users, energy companies, government and communities to be more sustainable, analyse the future demand of the energy requirement and proactively take action. Moreover, the implementation of these grids also enables in switching between the different sources of energy, thereby optimizing the consumption in an effective manner. The major benefits of these tools results in enhanced distribution management at lower cost thereby enhancing financial benefits directly to the stakeholders, support in better power reliability, effective storage and manage the supply chain in an efficient manner, also it supports in increasing the virility of the unsecure situation and act in a more proactive manner. This study will enable in analyzing the critical determinants of smart grids in enhancing the overall performance of network management in the energy sector, the analysis reveals that the implementation of these technologies tends to be high supportive for all the stakeholders and enable in achieving sustainable growth and development.