What do you understand by Smart Grid? Explain. Also compare existing grid with future grid

The smart grid is an innovative and modernized power grid that incorporates advanced technologies and communication systems to increase the efficiency, reliability, and sustainability of energy distribution. The smart grid utilizes various technologies such as sensors, communication networks, advanced meters, and automation to gather real-time data on power usage, distribution, and transmission. It enables two-way communication between utilities and consumers and facilitates the integration of renewable energy sources into the power grid. The smart grid is designed to support the dynamic nature of the energy market and provide better control over energy usage and costs. It aims to optimize the entire electricity delivery system and improve the overall customer experience.

Existing grid:

The existing power grid is a traditional one-way system that moves power from a centralized location to customers through transmission and distribution lines. _____ _____ _____ _______ _____ __________.
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