The term smart grid has become a catch-all phrase to represent the potential benefits of a revamped and more sophisticated electricity system that can fulfill several societal expectations related to enhanced energy efficiency and sustainability. Smart grid promises to enable improved energy management by utilities and by consumers, to provide the ability to integrate higher levels of variable renewable energy into the electric grid, to support the development of microgrids, and to engage citizens in energy management. However, it also comes with potential pitfalls, such as increased...