“Smart Grid” is the name for a vision of what the electrical power grid should look like, where the grid itself uses modern networking technology to allow different parts of the grid to communicate.
By using the technology, theoretically we could reduce our chances of having a blackout, because we’d be managing our energy use more dynamically. If we reduce the chance of a blackout, we also reduce the need to have a standby power plant to meet peak demand, and that helps keep costs down.
via What is the ‘Smart Grid’?.
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