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.

Highlights

  • Providing power to consumers in the Russian Federation is only possible based on a power supply contract

  • According to Art. 539 of the Civil Code of the Russian Federation, part 2, power supply contract is an agreement according to which power supply organization takes the responsibility to supply energy to the subscriber through the electric grid, and the subscriber takes the responsibility to pay for the received power

  • Connections are various actions dealing with transferring money from one account to another

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Summary

Introduction

Providing power to consumers in the Russian Federation is only possible based on a power supply contract. According to Art. 539 of the Civil Code of the Russian Federation, part 2, power supply contract is an agreement according to which power supply organization takes the responsibility to supply energy (power) to the subscriber (consumer) through the electric grid, and the subscriber takes the responsibility to pay for the received (used) power. Countries around the globe lean towards implementing innovative technologies to use in the energy(power-supply) sector. The development of such innovations began with the strategic initiative SmartGrid, announced by US President George W. In this article we are going to discover how innovative technologies are going to influence Russian power supply market for the consumers

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