The proposed study creates an IoT-based live power consumption monitoring device for smart homes. This device would let homeowners watch and control how much energy they use in real time. The proposed system will include a smart power meter, internet access, a cloud-based platform, a smartphone app, and power outlets. The smart power metre will track how much electricity each home appliance uses and send that information to a cloud-based platform, where it will be processed and made available to users through a smartphone app and web portal. The system will also allow users to remotely control their homes and set alerts for abnormal energy consumption. This paper aims to prioritise user privacy and security by encrypting data transmissions and restricting access to authorised users.