This paper proposes maximum utilization of existing and current assets of both Independent Power Producers (IPP) and the National Integrated Power Projects (NIPP) in transforming the energy system of the country at generation, transmission, distribution and utilization stages by the application of smart grid technology. These are in terms of improved efficiency, stability, power quality, lower risk/maintenance cost, reduction in electricity charge and overall power loss reduction. It was found that upon incorporation of this technology into the Nigeria power system through Power Holding Company of Nigeria (PHCN), there will be reduced rate of building new generating stations and transmission lines that is required to meet the anticipated load growth. It is recommended that if this technology is considered at the planning stage, especially now that there is serious evolutionary changes in the power industry, it will make the country match electricity demand with supply in near future.

Full text: IJEIR_338_Final.pdf