Best Smart Plugs With Energy Monitoring in 2026 (Cut Your Electric Bill)

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Why Energy Monitoring Smart Plugs Are Worth Every Penny

The average American household spends over $1,500 a year on electricity, and a surprising amount of that cost comes from phantom loads and inefficient appliances running longer than necessary. A standard smart plug lets you turn things on and off remotely, but an energy monitoring smart plug does something far more valuable: it shows you exactly how much electricity every plugged-in device consumes, in real time, down to the watt.

Once you can see the data, you can act on it. That old chest freezer in the garage drawing 200 watts around the clock? Now you know it is costing you $20 a month and can decide whether to replace it. The space heater you assumed was cheap to run? The energy log reveals it consumed $45 in electricity last month alone. These insights are invisible without monitoring, and they add up to hundreds of dollars in potential savings every year.

Energy monitoring smart plugs also enable automation that saves money passively. Set schedules to cut power to entertainment centers during sleeping hours, create routines that turn off energy-hungry devices when you leave home, and receive alerts when consumption spikes unexpectedly (which can indicate a malfunctioning appliance). The best models integrate with Alexa, Google Home, Apple HomeKit, or Matter, making them a cornerstone of any energy-conscious smart home.

We tested and compared six of the best energy monitoring smart plugs available in 2026, evaluating them on measurement accuracy, app experience, smart home compatibility, build quality, and overall value. Here are our picks.

Top 6 Smart Plugs With Energy Monitoring Compared