Question-1 [50 Points]

Review the NIST framework on smart grid from the link given below. Discuss the role of market domain, operations domain and service provider domain.

https://www.nist.gov/sites/default/files/documents/public_affairs/releases/smartgrid_interoperability_final.pdf

Question-2 [50 Points]

Do some independent research and explain the roles of FERC, ISOs and RTOs in regulating the transmission and the wholesale electricity market.

Question-3 [50 Points]

Explain the difference between demand response and demand side management.

Note: Description should not exceed 2 pages for each question. The text should be in Century School, font size-12 with single spacing. You can include figures and tables.