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This paper deals with an energy metering system for electricity monitoring for each and every household that is different from the conventional energy meter. This proposed design is meant to be a better alternative for an efficient and more secure line for energy usage by the consumer without any illegal access to their connections so that they don't have to pay for something they aren't accountable for in the first place and protect the supplier/provider, which is the government, from incurring any losses from the theft as well as from customers who tamper with the meter values. These things are vital in today's world. So, we are taking this into account and designing a smart meter with the IoT technology for monitoring data values at the tip of our fingers, readily available at any moment. It serves many purposes, from the monitoring of energy consumption to easily using mobile phones to work on managing the energy usage according to their budget. It is also easy for the supplier to monitor without manually inspecting the location. The WiFi module ESP8266 is used for the purpose of transmitting the energy data to the server. This paper also deals with a smart grid system in which energy meters are used as a two-way communication system as opposed to conventional meters with one-way communication, which will be a more efficient system. This IoT is good in terms of its development towards an easy and advanced metering infrastructure, which also needs secure communication between the supplier and consumer to protect that data. [ABSTRACT FROM AUTHOR]