Methods, systems, and computer program products for distributed phase balancing are provided herein. A method of use in connection with a distribution network having a phase imbalance includes determining one or more power consumption parameters associated with a given entity of the distribution network; determining one or more power supply parameters associated with the given entity of the distribution network; and computing, based on said one or more power consumption parameters and said one or more power supply parameters, at least one of (i) a level of power consumption increase and/or decrease and (ii) a level of power supply increase and/or decrease associated with one or more devices of the given entity to remedy the phase imbalance within the distribution network.