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Posted Mon Mar 2 2009: from 
CNN: 
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Can a 'smart grid' turn us on to energy efficiency? http://apocadocs.com/s.pl?1236025603 
...  According to research sponsored by the U.S. Government, improving the efficiency of the national electricity grid by 5 percent would be the equivalent of eliminating the fuel use and carbon emissions of 53 million cars.
For years environmentalists have been talking up the idea of a "smart grid" -- an electricity distribution system that uses digital technology to eliminate waste and improve reliability -- as a way of achieving this.
Advocates of a "smart grid" also say that it would open up new markets for large and small scale alternative energy producers by decentralizing generation.
"It would give consumers the potential to have a much more complex relationship with their energy supplier," says John Loughhead, Executive Director of the United Kingdom Energy Research Center.
"Essentially, with a smart grid, traffic goes both ways. If you wanted to install some kind of micro-generation facility in your home, you could use it to sell to the grid and get money back."  
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'Doc Michael says:
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But what if .... my grid is dumb?
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