Abstract: | This report provides en elaborate discussion on various aspects of smart grid. It mentions the key challenges those are advised to focus on: developing technical standards, ensuring data protection for consumers, establishing a regulatory framework to provide incentives for smart grid deployment, guaranteeing an open and competitive retail market in the interest of consumers, and providing continued support to innovation for technology and systems. The European Commission intends to promote a faster and wider deployment of smart grids in Europe through the above-mentioned actions.
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