Date of Publication :7th May 2016
Abstract: Smart grid is the integration of advanced information, communication and networking technologies in traditional electric grid to make it smarter and faster in making decisions. With the increase in population, there is increase in the demand for electricity. Nowadays we are generating our own power for home and industries. We can reduce demand by selling power to grid after our own usage. Cost can vary in proportion to the demand. In this paper, we explain to implement a smart meter to display power both EB & generated Solar power, and provide for the actual power consumption. By monitoring both EB cost and renewable energy cost is up a single energy meter both selling and consuming power from grid to home and vice-versa can be known using GSM methods through if it possible to intimate the consuming and selling power from grid to consumers through Messages and also to Electricity Board for government data. The monthly EB cost should be intimated through messages by calculating both real time and critical time cost and also selling power to grid and reduced to determine the actual power consumed. We propose to implement a smart meter to display power both EB & generated Solar power, and provide for the actual power consumption.
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