This document describes a proposed RFID-based smart electricity billing and energy sharing system using IoT. The system aims to minimize queues for electricity bill payment and restrict usage if bills are unpaid. It uses an RFID reader to read customer information, displays energy usage and amount on an LCD, and sends usage data to a server via IoT. If payment is not made by the due date, connection is cut through IoT. Payment can be made using a prepaid RFID card and alerts are sent when balance is low. The system is intended to improve energy management, conservation and reduce disputes over billing. It keeps track of real-time usage to minimize billing disagreements.