Smart Electricity meter on Real time Price Forecasting and Monitoring system

Abstract

In Smart Grid, the Smart meters assume different role with smart capacities so as to satisfy the consumer’s needs. The Smart meter can gauge and impart detailed real time power utilization, empower remote continuous checking and control utilizations. The consumers are given ongoing valuing and analyses devoured data, with its technical information which is transmitted from the network, and furthermore give progressively itemized input on every machine to the consumer. This paper gives a review of the prediction and monitoring with respect to control utilization. It is focused to real time scenario like Smart metering and home apparatus like home sight and sound substance over the power utilization grid.