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If you are planning on cutting down on your electricity costs, you first need to know the sources of electricity consumption in your household. A smart new plug, MeterPlug, is here to help you with it. It pairs nicely with a smartphone app so that you can see electricity usage stats relayed to your smartphone.

MeterPlug is actually used as a buffer between an actual plug and the electrical appliance that needs electricity. All you need to do is connect MeterPlug into a regular plug and then connect the electrical appliance to it.

The best part, without a doubt, about MeterPlug is that it comes with a smartphone app. Using Bluetooth, it is then able to relay statistics such as the amount of electric power used by a given appliance, straight to your smartphone.

You can even analyse the electric consumption by discerning the actual amounts of current being consumed and the costs that are being incurred as a result. This certainly allows you to gauge such electrical products which are most electricity-consuming and you can set out to find viable alternatives of those.

Another cool feature of MeterPlug is that if you have a device switched into it and the device hasn’t been used for a while, it disconnected the current supply. This way, it is able to save any ‘Vampire drain’ that may bump up the consumption unnecessarily.

Currently, MeterPlug is a project at IndieGoGo, trying to raise funds. Given that it is indeed a very unique idea, we are betting that it will be able to raise the required $70,000. For now, the founders of the project are offering the plug for $45, which may be a bit much for some. Watch the video below to see some of the really cool features of MeterPlug.

Source: IndieGoGo

Courtesy: Giga Om

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