A new IoT‐based smart energy meter for smart grids.

Summary: The significant increase in energy consumption by the growth of the population or by the use of new equipment has brought big challenges to the energy security as well as the environment. There is a need that consumers can track their daily use and understand consumption standards for better organizing themselves to obtain financial and energetic efficiency. With the improvement of smart networks technology for better energy supply, a smart meter is not just a simple measurement gadget anymore, but it has additional functions including smart equipment control, bidirectional communication that allows integration of users and networks, and other functionalities. Smart meters are the most fundamental components in smart power grids. Besides, the meters used with a management system can be utilized for monitoring and controlling home appliances and other gadgets according to the users' need. A solution of an integrated and single system should be more efficient and economical. Smart measurement systems allow monitoring the energy consumption of the final consumers while providing useful information about the energy quality. The information provided by these systems is used by the operators to enhance the energy supply, and different techniques can be also applied for this end, such as charge scheduling, management from the demand side, and non‐intrusive load monitoring. The Internet of Things (IoT) is becoming a great ally in the management of smart distribution and energy consumption in smart systems scenarios. To address these issues, this paper proposes and demonstrates a new smart energy meter following an IoT approach and its associated costs and benefits. The developed device incorporates several communication interfaces. In order to easily integrate with any monitoring software solution, the meter has a multi‐protocol connection. Finally, the provided solution is validated and demonstrated in real‐life environments and it is also under use. [ABSTRACT FROM AUTHOR]