“Efficient Utilization of Electric Power” refers to the optimization of energy consumption from traditional power plants such as those fueled by coal, oil, and natural gas. Power consumption can be minimized by reducing sources of loss due to technical inefficiency and reducing the amount of waste arising from human activity. The research is in order to save energy and reduce the demand from conventional power sources such as coal. It is integrated intelligent electronic devices that can automatically control power flow by turning devices off or placing them in standby during periods of inactivity to reduce energy consumption. It can also support storage of excess power generation in storage elements like batteries to improve power quality and make it available to the grid for periods of high demand. More Renewable Energy from alternative sources can be incorporated into our grid networks and they are leading a revolution of power grid sturcture.