Smart grid provides the digital technology that allows for two-way communication between the utility and the customers. The smart grid consists of controls, computers, automation, and new technologies and equipment working together. The smart grid will move the energy industry into a new era of reliability, availability, and efficiency with economic and environmental health. A smart meter plays a major role in the smart grid and it is an electronic device that measures and records the energy consumption. It enables two-way communication between the meter and the supplier through advanced metering infrastructure (AMI). The mode of communication is enabled by either wireless or wired. The wireless communication includes Wi-Fi, wireless mesh networks, Zig Bee, cellular communications, and low power range Wi-Fi. This chapter deliberates about the evolution of electricity metering, major components of smart meter, communication infrastructure and protocols for smart metering, demand-side integration, recent developments, issues faced and solutions, merits and demerits.