Jeff7
Lifer
That's what I'm thinking as well. I'm just going by what bits I know, but a high-end PIC chip could run up to an absolute max of 1.08W, assuming it's putting out maximum power on all its output pins, and at maximum processor usage. However, just when executing code, it looks like the current draw maxes out at 700uA@3.6V.A device we have here at work that probably has a similar complexity and processing power to a smart meter uses a maximum of 125mW (including LCD display). So I would say it's easily possible to be more efficient than the 2W mechanical.
And something like an Xbee module, with a quoted range of 1 mile, line of sight (much less than that, in my experience), would use up to 700mW when transmitting, and it's only going to do that for a very short burst, just to send out a few packets of information.
So yeah, I guess factor in losses from converting from high voltage AC to low voltage DC, and 3W might be possible.
Of course, there are microcontrollers out there with much lower power consumption, depending on required outputs and computing capacity. I also don't know what their communication requirements are like. If wireless, what kind of range is needed?