Review on Smart Energy Meter for low cost design

Present world rapidly changing from conventional grid to smart grid in that Smart energy meter (SEM) plays a vital role for successful establishment of smart grid. Smart energy meter is an innovative device which monitors and control energy consumption of end-users through bi-directional communication from utility provider to end-users and vice versa. With this feature and advancement in Information Technology open up wide variety of application to both end-users and utility provider such as remote monitoring, load forecasting, energy management, outage management etc. In this paper, we outline the existing works on SEM in design and communication aspects and also proposed a new model of smart network meter for the optimal cost reduction.