What is a Smart Meter for Electricity & Electric Meter Cost? What is a Smart Meter for Electricity & Electric Meter Cost?

What is a Smart Meter for Electricity & Electric Meter Cost?

A smart meter for electricity is helpful for measuring and monitoring electricity consumption in residential and commercial settings. Contrary to traditional …

Traditional electricity meters have served as the backbone of utility billing for decades, but they come with their inherent limitations. These conventional meters often fall short when it comes to providing real-time insights into energy usage, leading to billing discrepancies. In addition, the manual reading process and the need for on-site visits contribute to operational inefficiencies. However, a smart meter for electricity appears to be a game-changer in the world of energy monitoring and tracking.

They offer benefits like improved accuracy, real-time data accessibility, and enhanced consumer engagement. Considering these plethoras of advantages, governments globally are also taking the initiative for smart meter installation. Even the smart meter for electricity market is expected to surpass 16 billion dollars in 2027.

Continue reading to know more about a smart meter for electricity, its cost, and the best smart meter options.

What is a Smart Meter for Electricity?

A smart meter for electricity is helpful for measuring and monitoring electricity consumption in residential and commercial settings. Contrary to traditional meters, smart meters utilize digital technology to offer real-time data on energy usage. Their two-way communication capabilities transmit usage information remotely, eliminating the need for manual readings.

Here are some advantages of a smart meter for electricity over a traditional one:

  • Real-Time Data Monitoring: Smart meters offer real-time insights into electricity consumption, enabling consumers to monitor usage patterns and make informed decisions to be energy-efficient.
  • Accurate Billing: The digital precision of smart meters eliminates estimation errors associated with traditional meters, ensuring precise and transparent billing based on actual usage.
  • Real-Time Credit Monitoring: Prepayment customers benefit from the ability to monitor their credit balance in real-time, providing clear visibility into when their account is nearing depletion.

How to Read Electric Meter?

Analog meters are commonly used as a home's electric meter. And being able to read your meter gives you a better understanding of the unit of electricity you've spent in a month.

Here are the steps that help you in reading your home's electric meter:

  1. Analog meters typically have a series of rotating dials. These dials are read from left to right.
  2. Each dial moves in the opposite direction of its neighbor. Some dials move clockwise, while others move counterclockwise.
  3. Begin reading from the leftmost dial. Suppose the pointer is directly on a number; record that number. If it's between two numbers, note the lower number.
  4. Move to the next dial to the right and repeat the process. Continue this pattern until you've read all the dials.
  5. Record the numbers from each dial to obtain the complete meter reading. For instance, if the meter reads 4982, your home has consumed 4,982 kWh of energy at this point.

The Cost of Electric Meters

The cost of an electric meter can vary depending on factors such as amperage, type, and additional features. Here's a detailed breakdown of the costs for different meter boxes:

Meter Box for 100-Amps

  • The cost for a 100-Amp meter box typically ranges from $60 to $250. These boxes are suitable for residential applications where the electrical demand is moderate.

Meter Box for 200-Amps

  • For higher electrical loads in larger homes or small businesses, a 200-Amp meter box is necessary. The cost for this type of meter box can range from $100 to $700.

Meter Box for 400-Amps

  • Larger commercial or industrial establishments with substantial power requirements may require a 400-Amp meter box. A 400-Amp meter box generally costs between $500 and $800, considering the increased capacity and durability needed for such applications.

Best Smart Meter for Electricity Options

Let's look at the many smart meter options you can try for real-time energy monitoring in your home!

EVVR Energy Monitoring Smart Plug and Relay

The EVVR Energy Monitoring Smart Plug and Relay is a cutting-edge plug that seamlessly doubles as a smart meter for electricity. This smart plug allows users to track the hourly energy consumption of their plugged-in devices with an impressive 99% accuracy. The Magnetic Retention Relay ensures stability and consumes significantly less working energy (0.5-1W) than other products, contributing to energy efficiency optimization.

Safety is a top priority with this smart plug. It incorporates zero-crossing switching protection, overload, over-temperature protection, a tamper-proof design, and a button lock function, reducing the risk of electrical fires.

The plug can carry currents up to 16 Amps, making it compatible with high-power appliances. The Magnetic Retention Relay ensures stable device status, preventing switch state changes during upgrades. Compatible with Apple HomeKit, the EVVR Energy Monitoring Smart Plug and Relay offers seamless integration into your smart home ecosystem.

Key Features

  • Carries currents up to 16 Amps, reducing the risk of electrical fires.
  • Zero-crossing switching protection, overload, and over-temperature protection for enhanced safety.
  • Track hourly energy consumption with 99% accuracy for optimal efficiency.
  • The compact design and 90-degree angle extension cord maximize space efficiency.
  • Seamlessly works with Apple HomeKit for voice commands and remote control.

Xcel Smart Meter for Electricity

Xcel Energy's recent rollout of smart meter rates across several U.S. states signals a substantial advancement in energy management, offering consumers a sophisticated solution for optimizing their electricity usage. Real-time monitoring stands out as a critical attribute, providing users with immediate and detailed insights into their current energy consumption patterns.

This real-time feedback enables informed decision-making, allowing individuals to make adjustments promptly and reduce unnecessary waste.

Additionally, Xcel Energy's smart meter plans incorporate budget alerts, acting as a financial safeguard for consumers. These alerts serve as proactive notifications, keeping users aware of their energy expenditures and aiding them in maintaining control over their utility expenses. The inclusion of time-of-use pricing is another notable feature, encouraging users to adapt their energy consumption to off-peak hours when rates are lower.

smart meter for electricity

Key Features

  • Eliminates the need for estimated bills, ensuring precision based on real-time data.
  • Encourages strategic energy usage during off-peak hours for potential cost savings.
  • Provides immediate insights into current energy consumption.
  • Sends proactive notifications to keep users informed about energy expenditures.

PSEG Smart Meter for Electricity

The PSEG Smart Meter for Electricity is a cornerstone of PSE&G's Advanced Metering Infrastructure (AMI) that revolutionizes energy monitoring and utility services. These smart meters seamlessly connect to PSE&G's system monitoring and customer applications through a secure communications network.

Customers get valuable insights into their energy consumption patterns and have a more informed approach to energy management.

One of the standout features is the near real-time power-outage detection, a significant improvement over conventional meters. By swiftly identifying power outages, the PSEG Smart Meter for Electricity enables the elimination of almost all estimated bills, ensuring accurate and transparent billing for customers.

In addition, these meters play a pivotal role in enhancing the efficiency of power restoration efforts following storms. The smart meters aid in precisely determining the scope of power outages, pinpointing affected areas, and promptly dispatching repair crews.

smart meter for electricity

Key Features

  • Enables secure communication with PSE&G systems for enhanced capabilities.
  • Provides customers with comprehensive information about their energy usage patterns.
  • Swiftly identifies power outages, eliminating almost all estimated bills for accurate billing.
  • Enhances storm response by determining outage scope, pinpointing affected areas, and dispatching repair crews promptly.

AEOTEC Smart Home Meter for Electricity

The AEOTEC Smart Meter for Electricity redefines the way we monitor and manage energy consumption. The AEOTEC Smart Meter is equipped with advanced features that set it apart in energy monitoring technology. One of the key highlights is its real-time data tracking features, allowing users to monitor their electricity consumption with precision and accuracy. This facilitates a deeper understanding of energy usage patterns and helps optimize consumption and minimize waste.

The AEOTEC Smart Meter goes beyond mere monitoring. How? It contributes to energy conservation by giving users the tools to make impactful changes in their daily routines. Safety is paramount, and the AEOTEC Smart Meter incorporates robust features to ensure a secure and reliable operation. The AEOTEC Smart Meter is designed with user convenience in mind. Its user-friendly interface, compatibility with smart home ecosystems, and seamless integration with mobile apps ensure a hassle-free experience.

smart meter for electricity

Key Features

  • Precision in monitoring electricity consumption with real-time data for accurate insights.
  • Made with user convenience in mind, it offers a hassle-free experience with a friendly interface.
  • Allows easy monitoring and control through mobile apps, adding to the overall convenience.

What Makes EVVR Energy Monitoring Smart Plug and Relay the Best Option for Electricity Meter?

The EVVR Energy Monitoring Smart Plug and Relay revolutionizes energy monitoring with unparalleled efficiency. This innovative device operates as both a smart plug and a relay, serving as a dynamic smart meter for high-power appliances in your home. By directly connecting your appliances to the EVVR Smart Plug, you can monitor energy usage with precision, handling currents of up to 16 Amps.

The relay integration allows you to create a DIY smart meter, providing a more efficient alternative to traditional smart meters while putting control firmly in your hands. With the EVVR Energy Monitoring Smart Plug and Relay, you can actively manage and optimize your energy consumption. All in all, this offers you a whole new level of customization and efficiency that goes beyond standard smart metering solutions.


A smart meter for electricity is a great investment considering the cons of traditional meters. It helps you remotely keep track of your home's energy consumption and even helps you save bucks by offering accurate insights into your energy usage. EVVR Energy Monitoring Smart Plug and Relay is your home's best smart electricity meter.

It can easily show appliances' energy usage up to 16 amps and has high-quality overload protection. At EVVR, we also offer other smart home products like EVVR Smart In-Wall Relay Switch, EVVR Hub, EVVR Center Lite, and more. Get in touch with us and grab your favorite now to enjoy a new world of efficiency!

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