The world is evolving towards sustainability and the demand for the management of sustainable energy is increasing globally. This also requires development of electricity monitoring and optimization solutions. The present Energy meters help to monitor the energy consumption and generate electricity bill. These are mostly manually operated meters and no automation or artificial intelligence used. Present research papers concentrated on IoT based energy monitoring and few provide with AI analysis of energy consumption. The proposed idea is AI Based Smart Energy Meter. It is an innovative energy monitoring device which provides real-time information on voltage, current, and power usage. This advanced system is capable of displaying current, voltage, energy consumption and instantaneous electricity bills on an display and users mobile. There are three separate time periods for this project: morning, noon, and night. The meter compares the power usage over various slots at the end of each day, displaying on the user's phone the period with the highest consumption. The project offers customers a smooth and dynamic platform to track their energy usage. The system’s capacity to produce instantaneous electricity bills based on real-time consumption and adjustable tariff rates is what makes it special. The combination of Hardware and Software in the AI-based Smart Energy Meter exemplifies how modern technology can enhance real-time energy data display, calculation, promoting energy conservation and cost savings.