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This book consolidates some of the most promising advanced smart grid functionalities and provides a comprehensive set of guidelines for their implementation/evaluation using DIgSILENT Power Factory. It includes specific aspects of modeling, simulation and analysis, for example wide-area monitoring, visualization and control, dynamic capability rating, real-time load measurement and management, interfaces and co-simulation for modeling and simulation of hybrid systems. It also presents key advanced features of modeling and automation of calculations using PowerFactory, such as the use of domain-specific (DSL) and DIgSILENT Programming (DPL) languages, and utilizes a variety of methodologies including theoretical explanations, practical examples and guidelines. Providing a concise compilation of significant outcomes by experienced users and developers of this program, it is a valuable resource for postgraduate students and engineers working in power-system operation andplanning.