An Overview of Smart Grid Technology and Its Feasibility in Bangladesh

Abstract

Modern technology and advanced automation in the electricity system are what the term "Smart Grid Technology" refers to. The traditional electric grid system was developed roughly 50 years ago. Technology is updating day by day. There are several terminologies used in the power system, such as grid stability, system loss, renewable energy, dependability, quality power, energy security, and so forth. With regard to those concepts, smart grid is a complete package. While the current grid system is electro-mechanical, the smart grid will use automated technology in the next years. Although the idea of a smart grid is complicated, it is a more modern and stable grid system than the traditional grid system. The purpose of this thesis has been to present the idea of a "Smart Grid," the country of Bangladesh's current efforts to implement one, and the potential benefits of such an initiative for a developing economy. This thesis also emphasizes advantages, drawbacks, and other obstacles. Any equipment that has to be upgraded through technology can be updated rather than completely replaced, hence lowering costs. It was likewise narrowly targeted. The system design thinking also focused on how today's technologies might become conventional in ten to fifteen years. Although full automation cannot be achieved quickly, it can be partially automated before being fully automated step by step, day by day. It is an ongoing procedure. For regional cooperation, the idea of an inter-SAARC grid has been put out and discussions have also been had about cordial relations with neighboring nations.