diff --git a/.coveragerc b/.coveragerc
index 3aeb2b5c1874f5..a574c2ead43429 100644
--- a/.coveragerc
+++ b/.coveragerc
@@ -173,6 +173,7 @@ omit =
     homeassistant/components/esphome/light.py
     homeassistant/components/esphome/sensor.py
     homeassistant/components/esphome/switch.py
+    homeassistant/components/essent/sensor.py
     homeassistant/components/etherscan/sensor.py
     homeassistant/components/eufy/*
     homeassistant/components/everlights/light.py
diff --git a/CODEOWNERS b/CODEOWNERS
index 38de5b1fe6f11e..103e6ec9a68ab6 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -71,6 +71,7 @@ homeassistant/components/ephember/* @ttroy50
 homeassistant/components/epsonworkforce/* @ThaStealth
 homeassistant/components/eq3btsmart/* @rytilahti
 homeassistant/components/esphome/* @OttoWinter
+homeassistant/components/essent/* @TheLastProject
 homeassistant/components/file/* @fabaff
 homeassistant/components/filter/* @dgomes
 homeassistant/components/fitbit/* @robbiet480
diff --git a/homeassistant/components/essent/__init__.py b/homeassistant/components/essent/__init__.py
new file mode 100644
index 00000000000000..42e867c6d21448
--- /dev/null
+++ b/homeassistant/components/essent/__init__.py
@@ -0,0 +1 @@
+"""The Essent component."""
diff --git a/homeassistant/components/essent/manifest.json b/homeassistant/components/essent/manifest.json
new file mode 100644
index 00000000000000..49189f6bacb15b
--- /dev/null
+++ b/homeassistant/components/essent/manifest.json
@@ -0,0 +1,8 @@
+{
+  "domain": "essent",
+  "name": "Essent",
+  "documentation": "https://www.home-assistant.io/components/essent",
+  "requirements": ["PyEssent==0.10"],
+  "dependencies": [],
+  "codeowners": ["@TheLastProject"]
+}
diff --git a/homeassistant/components/essent/sensor.py b/homeassistant/components/essent/sensor.py
new file mode 100644
index 00000000000000..545ed3d5baf5f5
--- /dev/null
+++ b/homeassistant/components/essent/sensor.py
@@ -0,0 +1,112 @@
+"""Support for Essent API."""
+from datetime import timedelta
+
+from pyessent import PyEssent
+import voluptuous as vol
+
+from homeassistant.components.sensor import PLATFORM_SCHEMA
+from homeassistant.const import (
+    CONF_PASSWORD, CONF_USERNAME, ENERGY_KILO_WATT_HOUR)
+import homeassistant.helpers.config_validation as cv
+from homeassistant.helpers.entity import Entity
+from homeassistant.util import Throttle
+
+SCAN_INTERVAL = timedelta(hours=1)
+
+PLATFORM_SCHEMA = PLATFORM_SCHEMA.extend({
+    vol.Required(CONF_USERNAME): cv.string,
+    vol.Required(CONF_PASSWORD): cv.string
+})
+
+
+def setup_platform(hass, config, add_devices, discovery_info=None):
+    """Set up the Essent platform."""
+    username = config[CONF_USERNAME]
+    password = config[CONF_PASSWORD]
+
+    essent = EssentBase(username, password)
+    meters = []
+    for meter in essent.retrieve_meters():
+        data = essent.retrieve_meter_data(meter)
+        for tariff in data['values']['LVR'].keys():
+            meters.append(EssentMeter(
+                essent,
+                meter,
+                data['type'],
+                tariff,
+                data['values']['LVR'][tariff]['unit']))
+
+    add_devices(meters, True)
+
+
+class EssentBase():
+    """Essent Base."""
+
+    def __init__(self, username, password):
+        """Initialize the Essent API."""
+        self._username = username
+        self._password = password
+        self._meters = []
+        self._meter_data = {}
+
+        self.update()
+
+    def retrieve_meters(self):
+        """Retrieve the list of meters."""
+        return self._meters
+
+    def retrieve_meter_data(self, meter):
+        """Retrieve the data for this meter."""
+        return self._meter_data[meter]
+
+    @Throttle(timedelta(minutes=30))
+    def update(self):
+        """Retrieve the latest meter data from Essent."""
+        essent = PyEssent(self._username, self._password)
+        self._meters = essent.get_EANs()
+        for meter in self._meters:
+            self._meter_data[meter] = essent.read_meter(
+                meter, only_last_meter_reading=True)
+
+
+class EssentMeter(Entity):
+    """Representation of Essent measurements."""
+
+    def __init__(self, essent_base, meter, meter_type, tariff, unit):
+        """Initialize the sensor."""
+        self._state = None
+        self._essent_base = essent_base
+        self._meter = meter
+        self._type = meter_type
+        self._tariff = tariff
+        self._unit = unit
+
+    @property
+    def name(self):
+        """Return the name of the sensor."""
+        return "Essent {} ({})".format(self._type, self._tariff)
+
+    @property
+    def state(self):
+        """Return the state of the sensor."""
+        return self._state
+
+    @property
+    def unit_of_measurement(self):
+        """Return the unit of measurement."""
+        if self._unit.lower() == 'kwh':
+            return ENERGY_KILO_WATT_HOUR
+
+        return self._unit
+
+    def update(self):
+        """Fetch the energy usage."""
+        # Ensure our data isn't too old
+        self._essent_base.update()
+
+        # Retrieve our meter
+        data = self._essent_base.retrieve_meter_data(self._meter)
+
+        # Set our value
+        self._state = next(
+            iter(data['values']['LVR'][self._tariff]['records'].values()))
diff --git a/requirements_all.txt b/requirements_all.txt
index b510ebbc0de9cb..1b3fe6b4b4e4d8 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -41,6 +41,9 @@ Mastodon.py==1.3.1
 # homeassistant.components.orangepi_gpio
 OPi.GPIO==0.3.6
 
+# homeassistant.components.essent
+PyEssent==0.10
+
 # homeassistant.components.github
 PyGithub==1.43.5