Low-carbon electricity economy has become the major area of research for many countries that have made great efforts towards ensuring its gradual development in their society. A great level of understanding of the various features and benefits that the smart grid system offers to both the power producing company and the smart users (i.e. consumers who are aware of the benefits that the system offers) is a major contribution to the interest of these countries in ensuring its development to full functionality at maximum efficiency. Various researches have indicated that complete development and satisfactory function of new smart grid systems can be accomplished, although there may be some technical constraints. Therefore, this research was carried out to create a level understanding of the low carbon electricity economy (smart grid system) review the development progress that have been attained by some major countries of the world.
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