International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 02 Issue: 01 | Apr-2015 www.irjet.net p-ISSN: 2395-0072 © 2015, IRJET.NET- All Rights Reserved Page 293 A Novel Approach for Automatic Monitoring of Power Consumption using Smart Meter P. Saraswathi 1 , M. Prabha 2 1 Assistant Professor, Information Technology, Velammal College of Engineering and Technology, Tamil Nadu, India 2 Assistant Professor, Information Technology, Velammal College of Engineering and Technology, Tamil Nadu, India ---------------------------------------------------------------***------------------------------------------------------------- Abstract - In Smart Grid, the smart meters are versatile role with intelligent capabilities in order to meet the consumer's demands and their each objective. Smart meter can measure and communicate detailed real time electricity usage, facilitate remote real time monitoring and control power consumptions and consumers are provided with real time pricing and analyzed usage information, which is a technical data to be transmitted to the grid, who are utility providers. More detailed feedback on each appliance to the user. This paper gives an overview of the security issues regarding power grids. It is targeted to use case scenarios, namely smart metering, and home gateway for applications like electric cars and home multimedia contents distribution over the power grid. Keywords: Smart Grid, AMI, AMR and Smart Meter 1. INTRODUCTION The electric industry is poised to make the transformation from a centralized, producer- controlled network to one that is less centralized and more consumer-interactive. The move to a smarter grid promises to change the industry’s entire business model and its relationship with all stakeholders, involving and affecting utilities, regulators, energy service providers, technology and automation vendors and all consumers of electric power. A smarter grid makes this transformation possible by bringing the philosophies, concepts and technologies that enabled the internet to the utility and the electric grid. More importantly, it enables the industry’s best ideas for grid modernization to achieve their full potential. A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. [7] Smart meters enable two- way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure (AMI) differs from traditional automatic meter reading (AMR) in that it enables two-way communications with the meter. Advanced Metering Infrastructure (AMI) are systems that measure, collect, and analyze energy usage, and communicate with metering devices such as electricity meters, gas meters, heat meters, and water meters, either on request or on a schedule. These systems include hardware, software, communications, consumer energy displays and controllers, customer associated systems, Meter Data Management (MDM) software, and supplier business systems. Government agencies and utilities are turning toward advanced metering infrastructure (AMI) systems as part of larger DzSmart Griddz initiatives. AM) extends current advanced meter reading (AMR) technology by providing two way meter communications, allowing commands to be sent toward the home for multiple purposes, including Dztime-of-usedz pricing information, demand-response actions, or remote service disconnects. Wireless technologies are critical elements of the DzNeighborhood Area Networkdz ȋNANȌ, aggregating a mesh configuration of up to thousands of meters for back haul to the utility’s )T headquarters.