SYSTEM AND METHOD FOR OPTIMIZATION OF POWER CONSUMPTION AND POWER STORAGE

Systems and methods of managing power distribution in a portion of an electrical power grid with at least one power storage, including: receiving at least one power consumption rule from at least one consumer of the power grid, analyzing power consumption data from at least one power consumption meter connected to the power grid, applying the at least one power consumption rule on the analyzed power consumption data, based on forecasted data, and managing power consumption for the at least one consumer, based on the result of the at least one power consumption rule, and also based on a power capacity status of the at least one power storage.