For century, the need of change in the system of power grid is being felt and being considered as the most important change that we need in the modern era electrical system but before moving towards a new change the things in past should be kept in mind so that there are better chances of great and beneficial change. The purpose of this research is to investigate the changes need to be incorporated in a conventional system to make a system self-sufficient and automated in order to make Electrical Power system more reliable. This paper assesses the current one way power system that is needed to be changed and has tried to provide an overview of the changes that we need in the system. The paper has focused more on the smart grid system and has explained the importance of smart grid system in terms of efficiency, automation and decision making capability in case of faults occurred on primitive grids with the help of comparative studies. The paper also highlighted the results in form of comparison with conventional grids and threw some light on the vision, control and the application of the smart grid system that will provide a two way system to the electrical network of the country and will make the distribution and consumption of energy more efficient also which is going to increase the reliability and accuracy in the system.
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