What is the main goal of grid modernization?

The main goal of grid modernization is to upgrade the electrical grid for better efficiency and reliability. This involves implementing advanced technologies, smart grid solutions, and infrastructure improvements that enhance the performance and flexibility of the power system. By modernizing the grid, utilities can improve the management of electricity delivery, integrate renewable energy sources more effectively, and provide better responses to demand fluctuations, ultimately leading to a more stable and resilient electricity supply.

Technological advancements also allow for real-time monitoring and automation, which contribute to quicker restoration of service after outages and improved overall system reliability. Grid modernization supports the transition towards a low-carbon economy by facilitating the integration of distributed generation and energy storage systems.

The other options, while related to aspects of grid operation and management, do not capture the primary focus of grid modernization. Decreasing electricity consumption, reducing electricity costs, or increasing the number of regulatory bodies do not directly address the core objective of enhancing the grid's capability to meet current and future energy demands efficiently and reliably.