At present, the structure of power systems is greatly changing due to the penetration of decentralized generations. Although they encompass a high flexibility potential, their large-scale penetration interferes with the power system operation at all voltage levels. To get rid of this flaw and exploit their flexibility, different concepts like Virtual Power Plants, Microgrids and Cellular Approach have been introduced but still no solution is in sight. Under these conditions, it seems quite intriguing to find out whether these concepts are likely to offer a complete solution or not. This paper presents ten criteria to assess the complete Smart Grid solution and introduces a comprehensive evaluation system based on cloud-charts. The paper looks into the already existing solutions, which are respectively based on Virtual Power Plants, Microgrids and Cellular Approach concepts. The investigations have shown that none of these solutions meets all criteria necessary for a complete Smart Grid solution. Even a combination of different criteria fails to yield the desired results.