Kozminski UniversitySustainable DevelopmentSmart home/Smart grids/Smart metering systemsSofiya Lyashchenko30575Academic year 2015/2016I certify that this assignment is my own work, based on my personal study and/or research and that I have acknowledged all material and sources used in its preparation, whether they be books, articles, reports, lecture notes, and any other kind of document, electronic or personal communication. ________________________© Kozminski University, 2016IntroductionIn the era of advanced technology the theory of cyber-physical systems (CPSs) is developing rapidly. Just as the Internet transformed the way people interact with information, cyber-physical systems are transforming the way people interact with engineered systems. Cyber-physical systems integrate sensing, computation, control and networking into physical objects and infrastructure, connecting them to the Internet and to each other. There are a lot of systems and applications, such as smart grid, automobile systems, medical monitoring, smart metering, which can be installed in order to make our lives easier and more productive. A “smart home “ or ‘smart house” is a home that incorporates advanced automation systems to provide the inhabitants with sophisticated monitoring and control over the building's functions. Since “smart home” has been trending during last several years, the idea of green society has developed a lot. On the one hand, people are concerned about popular new technology devices and ideas of making their life more useful and enjoyable. Regardless of the technology, smart homes present some very exciting opportunities to change the way we live and work, and to reduce energy consumption at the same time. Imagine being able to check messages, open windows, operate lights and curtains and monitor how much money your house has made you from your renewable energy system, through your smart phone, from anywhere in the world.On the other hand, “smart home” concept is to help people to save energy. Since this system can be considered as an ordinary discussion between a consumer and energy provider, people can easily optimize energy damage through data they get from the system such as amount of kilowatt-hours consumed, price per unit etc. Even with their innovativeness, these technologies have their advantages and disadvantages for the customer on current market. Smart HomeSince 2014 over 68% of rich people and 66% of their parents have got excited about the purchase of smart home. Around the half of people interviewed state they plan to purchase at least one smart home product within one year (2015 State of the Smart Home Report).