Abstract: The present invention discloses a system for monitoring and estimating the consumption of energy resources in real-time. The system includes an interactive user module, a measuring unit and a wireless network. The measuring unit is interfaced to a utility meter. Optionally, the measuring unit can also function as a stand alone device. The measuring unit is further connected to the interactive user module via the wireless network. The system monitors energy resource consumption such as electricity, gas or water consumption in real-time, generates and displays graphs of energy resource consumption over user selected time periods and enables communication with at least one utility company. The system increases the users' awareness of their energy consumption and aids users in dynamic or deregulated pricing environments to shed load when the energy resource is most expensive. With knowledge of their energy use, the users can take proactive steps to control their energy consumption and save money.