THE ROLE OF SMART METERS IN SMART GRID

The introduction of advanced meters has simplified the overall payment system over the industrial use of power performed using electronic meters. Opposed to smart meters, traditional power meters have enormous drawbacks. There is a massive increase in load supply. The issue is that these needs are not fully achieved. Although the requirements were to be met, various problems emerge concerning the loss of energy, which then, in turn, has a negative impact on the country's economy. Offenses like misuse of electricity are on the rise every day. Not only has this, but the new postpayment system situation still seemed to be collapsing. The Smart Meter, therefore, solves such issues. In addition to monitoring electricity, Smart Meter will also share information on energy usage between utilities and customers. The smart meter is quite an essential component of the smart grid and is intended to provide numerous investors with budget-effective, ecological and social benefits. Smart metering utilizing Smart Grid provides tracking, security and regulation of the large area. The paper gives a comprehensive overview of the role of Smart Meters in Smart Grid, its Architecture, Advantages, and Disadvantages and so on.