The current state of the smart grid is not enough for the needs of utilities and their customers. Today’s ‘smart grid’ is not truly a smart grid, but simply smarter metering. The components that make the grid smarter – networking capabilities, digital controls, distributed intelligence, smarter failure avoidance strategies, etc. – have not yet arrived in their best form. These components derive most of their value because they produce data that utilities have never had access to in the past.