  Building smart grid for power system is a major challenge for safe, automated
and energy efficient usage of electricity. The full implementation of the smart
grid will evolve over time. However, before a new set of infrastructures are
invested to build the smart grid, proper modeling and analysis is needed to
avoid wastage of resources. Modeling also helps to identify and prioritize
appropriate systems parameters. In this paper, an all comprehensive model of
smart grid have been proposed using Generalized Stochastic Petri Nets (GSPN).
The model is used to analyze the constraints and deliverables of the smart
power grid of future.
