There is disclosed a system, computer program and method provided for enabling an energy hub for improved management and optimization of energy utilization (consumption, production and storage). In an embodiment, a computer-implemented energy hub management system comprises a micro energy hub configured to communicate with two or more energy components at a premises. An energy optimization engine has an energy component model for each energy component based on each energy component's operating characteristics, the energy optimization engine adapted to receive at least one input from the two or more energy components and an input from an external data source on any external energy utilization restrictions for the micro energy hub. In response to at least one input from the two or more energy components and any external energy utilization restrictions on the micro energy hub, the energy optimization engine is adapted to issue one or more control signals to at least one of the energy components at the premises to optimize energy utilization based on one or more optimization criteria.