A method for estimating electricity consumption cost based on data received from an electricity meter

Provided is a method for estimating electricity consumption cost from a current time to an end of a current billing period based on usage data received from an electricity meter. The method comprises 5 retrieving electricity usage data from a database, said electricity usage data being received from an electricity meter. The method includes using a processor to: calculate based on said retrieved usage data an average hourly electricity consumption cost for a predetermined number of previous days; calculate based on said io retrieved usage data an average daily electricity consumption cost for the predetermined number of previous days; calculate the number of days remaining until the end of the current billing period; multiply the number of days remaining with the average daily electricity consumption cost to provide an estimate of electricity consumption 15 cost for remaining days of the current billing period; subtract the hour of the current time from twenty-four and multiply the result with the average hourly electricity consumption cost to provide an estimate of electricity consumption cost for remaining hours in the current day; and add the estimate of electricity consumption cost for remaining 20 hours in the current day to the estimate of electricity consumption cost for remaining days of the current billing period to provide an estimated electricity consumption cost from the current time to an end of the current billing period. LLv N'__