Abstract: Electricity is one of the basic needs of this society. Currently we have to go nearby the conventional meter and note the electricity consumption which is a tedious task when bill payer is in distant place. Thus, to automate this process IOT takes place which can save time by automating remote data collection. This paper gives the development of a cost-effective NodeMcu based smart electricity which includes the Internet of Things (IoT) technology. The NodeMcu board is employed element to coordinate the activities of the device and a Blynk server acting as a central server receiving all the data sent by the created system. Other components like AC voltage sensor (ZMPT101B), AC current sensor (SCT-013-030), LCD display which helps the user to read the values instantly from system and other RLC elements are used to measure the required quantities. Also, this paper has open source IOT server called Blynk 2.0 which is an analytic platform which can access the cloud and enables the user to live monitor the status of the meter using both Website and application.