Recently Internet of Things (IoT) is being used in several fields like smart city, agriculture, weather forecasting, smart grids, waste management, etc. Even though IoT has huge potential in several applications, there are some areas for improvement. In the current work, we have concentrated on minimizing the energy consumption of sensors in the IoT network that will lead to an increase in the network lifetime. In this work, to optimize the energy consumption, most appropriate Cluster Head (CH) is chosen in the IoT network. The proposed work makes use of a hybrid meta-heuristic algorithm, namely, Whale Optimization Algorithm (WOA) with Simulated Annealing (SA). To select the optimal CH in the clusters of IoT network, several performance metrics such as the number of alive nodes, load, temperature, residual energy, cost function has been used. The proposed approach is then compared with several state-of-the-art optimization algorithms like Artificial Bee Colony (ABC) algorithm, Genetic Algorithm (GA), Adaptive Gravitational Search algorithm (AGSA), Whale Optimization Algorithm (WOA). The results prove the superiority of the proposed hybrid approach over existing approaches.