This paper focusses on the control analysis with energy saving strategy based on loss aversion analysis in energy management. In smart homes, need of smart meter roles down as an important element. Home area management is considered vital when considering the proper strategy inside the smart meters. Appliances strategy with smart meters at homes is considered in this work using Markovian stochastic Petri nets. The control approaches in the smart meters are analyzed using meta-heuristic algorithm for energy scheduling for appliances. This approach helps in analyzing the control analysis in the smart meters at the operational level building infrastructure. Further, the fulfillment of the consumers at smart homes using this dynamic approach is done. The loss aversion analysis is also considered at energy-level approach for the run time evolution in smart meters. © Springer Nature Singapore Pte Ltd. 2018.