An intelligent electronic device (IED), e.g., an electrical power meter, having wireless communication capabilities, e.g., Bluetooth connectivity, for transmitting and receiving data without a hardwire connection is provided. A system and method for retrieving revenue metering data from at least one IED, e.g., a revenue meter, are also provided. The system includes at least one intelligent electronic device including a transceiver configured for receiving calculated energy consumption data from a processor and transmitting the calculated energy consumption data via a spread-spectrum frequency hopping technique; and a data collection device configured for receiving the calculated energy consumption data from the at least one intelligent electronic device in response to supplying a pairing passkey to the intelligent electronic device.