A smart energy grid is a two-way electrical framework that relies on Big Data Analytics and IoT technologies to enable smart metering of electricity. The advantages of smart grids include a more efficient method of electricity transmission, a quicker containment and restoration after electrical emergencies, lowered costs for utility operations and management teams, and lower energy bills for consumers. Smart grids enable customers to become more proactive and educated about their electricity usage as they evolve into prosumers who also contribute to the electricity supply. In addition to residential customers, businesses also use smart meters to track their energy and track how costs differ according to building areas.