Following the universal introduction of information technologies in the electric power industry, it became necessary to create a more perfect measuring infrastructure that would reduce theft of electricity and implement new concepts such as demand response and the P2P market. Existing meters are able to solve the problem of reducing theft, but they do not yet support the functions of P2P trading. This article proposes the development of a smart metering device based on ESP 8266 controller for detection and control of electrical energy and remote turning off or turning on the consumer supply. The meter will be able to exchange information with the cloud platform in real time and provide information about the decline in the quality of electrical energy. It is proposed to use Wi-Fi (main) and GSM (reserve) communication channels.