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What is a smart grid program?

One of the largest deployment programs in the world to-date is the U.S. Dept. of Energy's Smart Grid Program funded by the American Recovery and Reinvestment Act of 2009. This program required matching funding from individual utilities. A total of over $9 billion in Public/Private funds were invested as part of this program.

Why do we need smart grids?

Hence, smart grids (SGs) play a historic role in safely plunging renewable energy resources into the highly controllable grid to supplement the power supply ensured by smart communications, sensors and measurement devices [ 5 ].

Will smart grids save money?

If smart grids are deployed fully across the US, the country expects to save USD 130 billion annually. As customers can choose their electricity suppliers, depending on their different tariff methods, the focus of transportation costs will be increased.

What is blockchain technology based on a smart grid?

Blockchain technology based on various technology in smart grid is discussed in this paper, i.e., cost reduction, communication between provider and consumer, machine-to-machine interaction, and security. User-friendliness and energy optimization in terms of electronics devices controlling and monitoring.

Can blockchain solve cyber security issues in smart grids?

The blockchain has some significant features, making it an applicable technology for smart grid standards to solve the security issues and trust challenges. This study will present a rigorous review of blockchain implementations with the cyber security perception and energy data protections in smart grids.

Should Smart Grid Analytics follow a systematic and standardised approach?

The provided analysis highlights the importance of following a systematic and standardised approach in evaluating future methods and directs readers to future potential venues of research in the area of smart grid analytics.