The implementation of smart metering infrastructure may be a possible solution to reduce electricity demand, manage electricity supply efficiently. This article reviews the ways in which smart metering infrastructure can overcome the various problems of the smart grid. It provides a better understanding of the technical challenges, economic opportunities and environmental implications associated with smart grids. As such, it helps to identify gaps in current research and areas requiring future investigation, thus helping to steer research and development efforts towards more efficient and innovative solutions. It highlights the latest advances and emerging trends, while providing an overview of current technologies and methods such as smart meters, data concentrators, the data management system and the communication system. We also examine
standards for smart metering, substation automation, demand response, distributed resources, and large-scale
control and monitoring, to ensure interoperability, security and reliability of energy management systems.

Smart metering infrastructure, smart grid, smart meter, concentrators, standards, interoperability, security