Abstract: The traditional electricity grid is currently transforming into a smart grid. The smart grid complements the traditional Power grid with information and communication technologies (ICT). This integration allows the Electricity suppliers and consumers improve the efficiency and availability of the electricity grid constant monitoring, control and management of customer needs. An intelligent network is a huge and complex network it is made up of millions of interconnected devices and entities. This article briefly discusses the evolution of smart grid development. The smart grid is important because it will lead us to energy independence and environmentally friendly economic growth.

Keywords: Smart Grid, FACTS, ICT, Smart Homes.

| DOI: 10.17148/IJIREEICE.2021.9432