A smart local power distribution (SLPD) system is provided for improving the efficiency of local power generation and consumption. The SLPD system includes a local distribution grid connected to a regional power grid by a local power manager including a local power storage unit and further connected to a plurality of power meters. The local power storage unit is configured to store excess locally-generated power and to provide supplemental power to prosumers for minimized usage of regionally-supplied power and minimized peak-time usage of regionally-supplied power. The local power manager analyzes data provided by the power meters, generates power load and generation profiles, and makes various data-based power flow decisions corresponding to optimizing efficiency of the SLPD system.