A wireless electrical power metering system is provided. A processor having a multichannel power line transceiver, a wireless transceiver, and a power meter attached thereto measures power consumption information on a power line inductively coupled with the power meter. The processor converts the power consumption information into IP-based data, and transmits same over the wireless transceiver. The information can be wirelessly received by a remote monitoring station or transmitted across the Internet for storage, analysis, and billing. The processor generates appliance control signals and generates same across the multichannel power line transceiver to remotely control appliances in response to power consumption trends. The processor provides firewall capabilities, and relays information between a wired or wireless network and a power line network, thereby expanding the size of existing household networks. Further, the processor allows multiple dwellings to be networked using power lines, and households to be connected to the Internet via a power line network.