  Due to unfolded developments in both the IT sectors viz. Intelligent
Transportation and Information Technology contemporary Smart Grid (SG) systems
are leveraged with smart devices and entities. Such infrastructures when
bestowed with the Internet of Things (IoT) and sensor network make a universe
of objects active and online. The traditional cloud deployment succumbs to meet
the analytics and computational exigencies decentralized, dynamic cum
resource-time critical SG ecosystems. This paper synoptically inspects to what
extent the cloud computing utilities can satisfy the mission-critical
requirements of SG ecosystems and which subdomains and services call for fog
based computing archetypes. The objective of this work is to comprehend the
applicability of fog computing algorithms to interplay with the core centered
cloud computing support, thus enabling to come up with a new breed of real-time
and latency free SG services. The work also highlights the opportunities
brought by fog based SG deployments. Correspondingly, we also highlight the
challenges and research thrusts elucidated towards the viability of fog
computing for successful SG Transition.
