According to the International Energy Agency (IEA) Europe will invest in the future years for the renewal of the electrical system, from generation to transmission and distribution. Directive 2009/72/EC pushes Member States to deploy Smart Grids and Smart Metering systems, linking this development to the evolution of cities and confined environments in Smart environments, traditionally named as Smart Cities and Smart Buildings. Within this framework, connections and exchange of data increase, and the need for data acquisition, processing and management become an extremely important added value to the community.In this paper the proposal for the realization of a new versatile and cost-effective system for smart metering applications is presented. Such a system will have the potential to be a game changer in the current scenario of remote monitoring and management of complex infrastructures, with benefits both on energy efficiency and environmental impact as well as economic efficiency and maintenance management, exploiting technologies which are still underused in this sector towards smarter ICT solutions. Results show that there is the opportunity to realize a system that offers an innovative and effective solution with unique technical features. Future developments will be the construction and validation of the system basing on field testing.