Abstract
In this paper, an introduction and comprehensive analysis have been presented for the implementation and application of modern smart meters which include Unbundled Smart Meters (USM) and Next-Generation Open Real-Time Smart Meters (NORM). This article also contributes to methods through which USM and NORM could provide a better perspective to the already available technologies for grid-tied-inverter controlled feeding renewables to the grid. The research proposes a next-generation smart meter model with the feature of a phasor measurement unit. The meter is further integrated with a controller board that controls the power injection from the inverter to the grid based on the real-time data obtained from the smart meter. The inverter is simulated with an open-circuit fault and is controlled to provide non-oscillatory power to the grid based on an instantaneous grid power factor or phase requirement. The proposed meter has the flexibility to add additional features to control the inverter based on other grid requirements such as active and reactive power control, tariff implementation, etc. This manuscript provides the analytical aspects of the use of smart meters in efficient energy management and also addresses the need for smart technologies for grid modernization.