A vision for a holistic and smart grid with high benefits to society - paper at T&D Asia 2009 / Smart Grid Bangkok by Dr. Stephen Lee, EPRI

In the wake of restructuring and market liberalization, electric generation and transmission companies have encountered new problems in their decision and investment processes. In the hope of resolving these difficulties and challenges, the industry would like to see the electric power system planned holistically so that it will be robust in standing up against unanticipated stresses or shocks. System design should take into account the ways the power grid will be used in the future as well as the ways it .