The impact of innovative technologies on consumers in the power supply market

Abstract

Service of supplying electricity to consumers in the Russian Federation (RF) is carried out based on power supply contract. Utilization of innovative technologies will allow to change the power supply service in the power-supply market. There is an opportunity to create unique powersuppling market approach. With implementation of “Smart meters” technology and Blockchains with “Smart Contract” functionality. The article describes innovative technologies and examines examples of their successful implementation in foreign countries. Article will also talk about tools that are required to replace old service with a new power supply system, based on innovative technologies that include small-scale renewable energy generation.