*2.1. Smart Meter*

An SM is an electric meter that performs the following functions: (i) measuring energy consumption, (ii) measuring energy consumption, (iii) report consumption data to meter managemen<sup>t</sup> system, (iv) receiving electricity consumption cost or control signals, and (v) inform all the home appliances [28]. The SM data is one of the major sources of information similar to other actors, e.g., distribution system, transmission system, and generation sources for smooth running and construction of smart grid. As per European commission report around 80 percent of energy meters will be replaced with SM in 2020 [29].
