The increasing demand for energy coupled with the environmental concerns associated with fossil
fuels necessitates a shift towards renewable energy sources. Solar wind geothermal and hydro
power offer clean and sustainable alternatives but come with inherent challenges. Unlike
traditional dispatchable power plants renewable energy generation is intermittent and
dependent on weather conditions. This variability poses significant challenges for grid
operators in maintaining a stable and reliable power supply.Smart grids emerge as a solution by
introducing two-way communication capabilities and distributed intelligence. They enable
real-time monitoring and control of energy flows within the grid facilitating the integration
of renewable energy sources. Prosumers a new category of grid participants who not only
consume but also generate electricity through rooftop solar panels or micro-wind turbines play
a crucial role in smart grids. Their active participation can significantly impact overall grid
efficiency and stability.
