When the demand is more than the generation load shedding will be done to relieve stress on the utility grid and during this time, the entire area of the consumer premises including the street lights will be shut down. During such situation, most of the anti-social activities takes place and it will be difficult to cope up with the emergency situation. The main idea of this paper is to manage the available power from the utility grid in a fair manner to all consumers while avoiding complete blackout. Some loads in the consumer premises are assumed to be priority loads while others are non-priority load. In the proposed smart load shedding system, consumer premises will always have a minimum illumination for dealing with emergency situation and all the street lights will be ON. A centralized control supply interrupter where the officials can connect or disconnect a consumer from the utility grid is also employed here. In addition to this the monthly bill and consumption will be displayed at the consumer premises itself by connecting a user interface with system. The main benefit of this project is supplying uninterrupted power supply to consumer without load shedding and displaying the consumption of electricity by the consumers at their premises.