This document discusses challenges and opportunities for smart grids. It describes smart grids as energy networks that can automatically monitor and adjust energy flows based on supply and demand changes. Key challenges discussed include control and protection, seamlessly integrating renewables, and advanced forecasting of generation, load, and prices. The document also outlines some benefits of smart grids like local reliability and reduced emissions. It provides examples of how technologies like wide area monitoring systems, real-time simulators, and forecasting models can help address challenges in developing smart grid systems.
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