Abstract
This study has specifically focused to develop a multi-functional Smart Meter (SM) which would be able to address some of the challenges currently available in the conventional digital automated metering system in Eurasia. SMs with its unique performance with the Internet of Things (IoT) tend to be an efficient system for electricity management, secure against the intervention by third parties, and reliable for real-time remote monitoring and tracking. Hence, this research work is accomplished by analyzing available functions on the existing design of SMs and discussed on further preferable and required functions. IoT-based architecture of SM is proposed along with employing wave harmonics elimination as well as anti-theft algorithms and load forecasting. The consumption patterns are studied and wave harmonics analysis is performed over the hardware. It can assist in maintaining energy management systems.