Abstract: Reliability Centered Maintenance(RCM) is one of
most widely used methods in the modern power system to schedule a
maintenance cycle and determine the priority of inspection. In order
to apply the RCM method to the Smart Grid, a precedence study for
the new structure of rearranged system should be performed due to
introduction of additional installation such as renewable and
sustainable energy resources, energy storage devices and advanced
metering infrastructure. This paper proposes a new method to
evaluate the priority of maintenance and inspection of the power
system facilities in the Smart Grid using the Risk Priority Number. In
order to calculate that risk index, it is required that the reliability
block diagram should be analyzed for the Smart Grid system. Finally,
the feasible technical method is discussed to estimate the risk
potential as part of the RCM procedure.