This arcticle are devoted to the modernization of housing and communal system based on the technology of "Smart Grids". The methology of developing an assessment of the effectiveness of the project of the modernization of housing and communal services facilities using the technology of "Smart Grids" is given. It from the publication that the use of "Smart Grids" technology provides energy and economic efficiency in the development of the city's energy system

Keywords: Smart grids, "Smart City", centralized heat supply systems, individual heat supply, evaluation of the economic modernization project, key performance indicators