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The design and development of a Smart Power monitoring device has reported in this paper. System has been designed that can be used to monitor electrical parameters such as voltage, current and power of household appliances. The system consists of a smart sensing unit that detects and controls the home electrical appliances used for daily activities by following different tariff rates. It can reduce costs for the consumers and thereby improve grid stability. A developed prototype has been extensively tested and experimental results have compared with conventional measuring devices.