Electricity meter or Energy meter
An electricity meter or energy meter is a device that measures the amount of electric energy consumed by a residence, business, or an electrically powered device. Electricity meters are typically calibrated in billing units, the most common one being the kilowatt hour. Periodic readings of electric meters establishes billing cycles and energy used during a cycle. In settings when energy savings during certain periods are desired, meters may measure demand, the maximum use of power in some interval. "Time of day" metering allows electric rates to be changed during a day, to record usage during during peak high-cost periods and off-peak, lower-cost, periods. Also, in some areas meters have relays for demand response shedding of loads during peak load periods
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