Power distribution system having a network of smart meters

A power distribution system comprising a first Smart Meter device configured for metering the power absorbed or yielded by a domestic utility, wherein said first Smart Meter device is connected to a power distribution grid and dialogs in real time with other Smart Meters connected to other domestic utilities, wherein said other Smart Meters are connected to the same power grid of said first Smart Meter device, wherein said power distribution system builds a system of multiple and comprehensive interconnections which connect said first Smart Meter device to the other Smart Meter nodes so as to form a network, wherein the information on the energy production and consumption status of the network is memorized and available in each Smart Meter node of the network at all times, thus allowing the information on the energy status of the network to be instantaneously available to an operator of the power grid by querying a single Smart Meter among those present in the network, wherein each single Smart Meter has redundantly memorized the entire state of the network including consumption data associated with the addresses of all of the other Smart Meters in the network and therefore, if queried, provides the manager with all the necessary information including information of Smart Meters that are not in direct communication with the single Smart Meter.