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We have been hearing a lot of definitions on SmartGrid and how the utility companies are building up on this vision, creating road maps, getting stimulus funds and running pilots. The Energy Policy Act 2005 and Energy Independence Security act 2007 has in fact given a tremendous push for the utilities in US for implementing Smart grids. There has been a lot of funding from the federal government in the name of smart grid and utilities are trying their level best to grab this funding opportunity and enhance their business operations. The broad objectives of the policy in implementing smart grid are to reduce the environmental impact, improve operational efficiency, improve power reliability, and improve asset life and customer empowerment. For the utilities to achieve these objectives have to definitely go through a process of business transformation. So however we define smart grid for real implementer's SmartGrid is nothing but a process of Business Transformations. The convergence of Information technology with Operational technology (IT and Business) is necessitated by this business transformation. In this article the focus is on the distribution side with respect to smart metering and associated business process. This article touches the aspects on usage of meter data and the need to embrace a new set of advanced applications for achieving the objectives of a utility in their Smart grid vision, the scope does not cover management of data which is exponentially increasing.  more...
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