International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 05 Issue: 01 | Jan-2018 www.irjet.net p-ISSN: 2395-0072 © 2018, IRJET | Impact Factor value: 6.171 | ISO 9001:2008 Certified Journal | Page 1107 Smart Metering Using E-wallet Mrs. Nilam Jadhav 1 , Utkarsh Bhangale 2 , Vinay Sudrik 3 , Prafful Wania 4 , Sumit Bhattacharya 5 1 Lecturer, Department of Computer Engineering, Pimpri Chinchwad Polytechnic College, Maharashtra, India 2,3,4,5 Student, Department of Computer Engineering, Pimpri Chinchwad Polytechnic College, Maharashtra, India ---------------------------------------------------------------------***--------------------------------------------------------------------- Abstract - In old days, there existed electricity meters but which work on some metallic strip like mechanism thus had a disadvantage of freezing the meter with the use of magnet. To overcome this problem new meters came which is still used since like from 2000. One thing was sure no one was able to freeze the reading meter installed in the current electricity meter. Thus it is a successful prototype. But we still have a problem with this meter, i.e. there is unusual work load on people who come to collect the reading of the electricity meter. Also no new paying system is generated. There is payment done online but after when a person checks the reading at the month end and our bill is generated. To overcome this we made this prototype called as Smart Electricity Meter. In which we added some extra features and also implemented IoT (Internet of Things). In our module we installed Arduino board which is like the brain of this meter handles the transaction and messaging functions. The Smart Electricity Meter helps us to reduce unusual workload on workers of the MSEB. Thus saving time and money. It has a unique system which calculates the money and energy and generates a bill which is then sent through message to MSEB and to the OWNER of the meter. 1 Introduction With the great developments in the field of Internet and technologies, everything has become digital. Internet has become an important part of our lives. A new technology has entered into this picture known as Internet of Things (IoT). Internet of Things is a network comprises of many electronic devices and sensors which are connected together to exchange some information over the web. The devices based on IoT seem talking and sharing data with each other. Smart Meter is one of the applications of IoT. It records the consumption and sends the readings to the utility office on regular basis for monitoring and billing. For a long time, traditional electromechanical meters have been used. Meter readings were noted down on the monthly basis. But now with the evolution of smart electricity meters, things are changing In this project we will be using the sensor which is fixed in the meter and the details of the units will be stored in the cloud and from the cloud the message will be send to the MSEB and to the user on the daily basis, and then the user can pay the bill by using the e-payment. By using this system the user can know how much light the particular device consumes in his or her home. Also we add one more feature in it The Prepaid Energy Meter which allows user to use prepaid energy meter functionality. Using this functionality user will able to pay in advance and use the exact amount of energy. The system starts with GSM modem Connection and first configures the user number and gives authority to that number. The system is made up of AVR Microcontroller, current sensors, GSM modem, LCD display, energy meter and loads. 1.1 Objective The main objective is to automate the manual process of taking readings, calculating bills and then handing them to the user. All the process from calculating the exact use of electricity to paying the Bills to MSEB is made digital and can be automated. The main objective is to make the work of MSEB easier and hustle free. 1.2 Literature Survey The paper titled Internet of Things based Smart Electricity Meters proposes a system for smart meter. This paper proposes a new smart meter which need to be replaced. Thus all the old meters need to be replaced with this new meter. This is main drawback of the system. Another research paper titled Smart Electricity Meter Data Intelligence for Future Energy Systems: A Survey presented the current smart-metering space as the smart-metering landscape, and then, a framework has been established to relate smart meter data to stakeholders and applications created by their needs and the analytics tools and techniques required to achieve the stakeholder needs. In the existing system the particular person checks the meter units by manually going there clicking the photo of the meter and then calculating the amount according to the units, then they will send the bill to the user by post/by hand. So this whole process is so much lengthy and consumes a lot of time. The proposed system not only automates the meter readings but also provide the user with facility of prepaid electricity bill payment. Thus it is more user friendly. Also the existing system need not to be replaced just the additional hardware needs to be installed in existing meters. 2. Scope of the project  The system will be used to provide bill to consumer both as an SMS along with other in-built features such as tamper proof, fault detection.  The proposed energy meter utilizes a GSM module to transfer energy consumed to the authority side.