The use of IoT is increasing day by day; the significance and utilization is on the increase with more sophistication. In real world situation the electricity board calculates the bill amount and passed to the user mail or EB card. Now an efficient power monitoring system is proposed which uses a sensor at the heap to ascertain current, a circuit is utilized to figure voltage and with these two, power can be computed. Control qualities are put away in cloud database. Noninvasive current transformer sensor which receives the input from the live power supply and transfer the value to Voltage sensor, Nodemcu gets the value from voltage sensor and stores it in cloud database. With the help of cloud database user can monitor the power consumption value. Home automation can be achieved with the help of Relay Module and separate Nodemcu. Devices can be controlled from cloud dashboard. EB bill is a big challenging expenditure on day to day life. To overcome this situation Power Monitoring System will be very useful for the Average Salary people and also it overcomes the Electricity theft, unwanted Power wastage, avoidance of high power consumption devices.