Abstract: A method and system for effective management of energy consumption by household appliances, using a home energy information gateway. Particularly, the invention provides a method and system for an efficient and economic home energy information gateway which can provide the energy consumption information and communication interface through a set top box like gateway device on the existing display device such as television thereby reducing extra display medium cost. More particularly, the invention provides a method and system for managing energy consumption effectively by monitoring, controlling and displaying energy usage of household appliances by way of collecting smart meter data and generating user friendly reports and graphs.