The Smart Grid concept suggests a wide use of renewable energy sources for electricity generation. Operation of renewable sources in electric power systems together with traditional power plants and electric networks not only provides benefits and opportunities, but also creates certain technical, economic, legal and other problems. Electricity industry in the Asian and Australasian countries is developing at a rapid pace. Observing a fast growing share of electricity generated from renewable sources, different countries by virtue of their geographical locations and economic features have different experiences in using the advantages of renewable sources of electricity generation and in solving the related problems. The major goal of this Panel Session is to analyze the practical experience gained by the Asian and Australasian countries in the considered area, which suggests discussing various relevant issues associated with Smart Grid Applications, right from generation to demand side management via transmission and distribution.