Energy systems around the world are becoming increasingly decarbonised, decentralised, democratised, and digitised. However, what future smart local energy systems (SLES) will look like and how this will deliver against anticipated system benefits is not clear. This paper presents the results of a meta-narrative review and interview study focused on understanding conceptualisations of SLES using a systems thinking lens. Fifty-one relevant sources of information are reviewed (13 interview transcripts and 38 sources of literature) and coded according to 40 distinct codes. While findings show significant ambiguity in how SLES are conceptualised, some common themes emerged: (1) the purpose or goals of a SLES often extend beyond delivering energy services to end users, and are often intertwined with delivering additional environmental, social and economic benefits; (2) ‘smart’ elements typically include the information and communications technologies to generate data that can be used to optimise energy flows in a locality, either through autonomous or human-in-the loop mechanisms; (3) locality is hard to define and will likely be context specific and depend on the ultimate goal of the system, and the actors and infrastructure involved, and (4) the ultimate goals of a SLES may not be realised unless the system elements and their interconnections are understood, and can be mapped to these benefits. Further work is recommended to explore how the presence (or absence) of ‘smart’ and ‘local’ elements (including how they are connected) can deliver these benefits.