Energy crisis is one of the major problems that the world faces today. The energy crisis can be reduced to a certain extent by properly monitoring our energy consumption and avoiding energy wastage. Nowadays people face many problems like power theft. Power theft may be a measure crime and it also directly affects the economy of our country. This system will find energy theft easily. This IOT electricity meter is consisting of Atmega 328 microcontroller with a WIFI module for IOT connection and GSM module for mobile connection, on which users will receive information via SMS. This smart electricity meter also consists of a current sensor that sends the current reading to the microcontroller. We have to connect cell phones with the system via SMS which will help to configure with the system. In case of an emergency, the information will be shared on the configured number. We have to set costs for the unit and for which we have four buttons. With the help of buttons, we can set costs for the unit. As we start the system, it shows reading on the IOT screen. Reading will be changed with respect to time. In the case of energy theft, the theft will be caught and displayed on the IOT screen. Even the information will be received through SMS on the configured number. After receiving the alert, the operator can switch off the system using IOT to avoid theft. It also shares turn off the message of the system on the cell phone.