diff --git a/kasa/tapo/tapobulb.py b/kasa/tapo/tapobulb.py
index 3640074f..d1e953d7 100644
--- a/kasa/tapo/tapobulb.py
+++ b/kasa/tapo/tapobulb.py
@@ -17,17 +17,6 @@ class TapoBulb(TapoDevice, SmartBulb):
     Documentation TBD. See :class:`~kasa.smartbulb.SmartBulb` for now.
     """
 
-    @property
-    def has_emeter(self) -> bool:
-        """Bulbs have only historical emeter.
-
-        {'usage':
-        'power_usage': {'today': 6, 'past7': 106, 'past30': 106},
-        'saved_power': {'today': 35, 'past7': 529, 'past30': 529},
-        }
-        """
-        return False
-
     @property
     def is_color(self) -> bool:
         """Whether the bulb supports color changes."""
diff --git a/kasa/tapo/tapodevice.py b/kasa/tapo/tapodevice.py
index 717de7ef..24848843 100644
--- a/kasa/tapo/tapodevice.py
+++ b/kasa/tapo/tapodevice.py
@@ -6,7 +6,9 @@ from typing import Any, Dict, Optional, Set, cast
 
 from ..aestransport import AesTransport
 from ..deviceconfig import DeviceConfig
+from ..emeterstatus import EmeterStatus
 from ..exceptions import AuthenticationException
+from ..modules import Emeter
 from ..protocol import TPLinkProtocol
 from ..smartdevice import SmartDevice
 from ..smartprotocol import SmartProtocol
@@ -28,38 +30,67 @@ class TapoDevice(SmartDevice):
             transport=AesTransport(config=config or DeviceConfig(host=host)),
         )
         super().__init__(host=host, config=config, protocol=_protocol)
-        self._components: Optional[Dict[str, Any]] = None
+        self._components_raw: Optional[Dict[str, Any]] = None
+        self._components: Dict[str, int]
         self._state_information: Dict[str, Any] = {}
         self._discovery_info: Optional[Dict[str, Any]] = None
+        self.modules: Dict[str, Any] = {}
 
     async def update(self, update_children: bool = True):
         """Update the device."""
         if self.credentials is None or self.credentials.username is None:
             raise AuthenticationException("Tapo plug requires authentication.")
 
-        if self._components is None:
+        if self._components_raw is None:
             resp = await self.protocol.query("component_nego")
-            self._components = resp["component_nego"]
+            self._components_raw = resp["component_nego"]
+            self._components = {
+                comp["id"]: comp["ver_code"]
+                for comp in self._components_raw["component_list"]
+            }
+            await self._initialize_modules()
+
+        extra_reqs: Dict[str, Any] = {}
+        if "energy_monitoring" in self._components:
+            extra_reqs = {
+                **extra_reqs,
+                "get_energy_usage": None,
+                "get_current_power": None,
+            }
 
         req = {
             "get_device_info": None,
             "get_device_usage": None,
             "get_device_time": None,
+            **extra_reqs,
         }
+
         resp = await self.protocol.query(req)
+
         self._info = resp["get_device_info"]
         self._usage = resp["get_device_usage"]
         self._time = resp["get_device_time"]
+        # Emeter is not always available, but we set them still for now.
+        self._energy = resp.get("get_energy_usage", {})
+        self._emeter = resp.get("get_current_power", {})
 
         self._last_update = self._data = {
-            "components": self._components,
+            "components": self._components_raw,
             "info": self._info,
             "usage": self._usage,
             "time": self._time,
+            "energy": self._energy,
+            "emeter": self._emeter,
         }
 
         _LOGGER.debug("Got an update: %s", self._data)
 
+    async def _initialize_modules(self):
+        """Initialize modules based on component negotiation response."""
+        if "energy_monitoring" in self._components:
+            self.emeter_type = "emeter"
+            self.modules["emeter"] = Emeter(self, self.emeter_type)
+
     @property
     def sys_info(self) -> Dict[str, Any]:
         """Returns the device info."""
@@ -161,6 +192,11 @@ class TapoDevice(SmartDevice):
         # TODO:
         return set()
 
+    @property
+    def has_emeter(self) -> bool:
+        """Return if the device has emeter."""
+        return "energy_monitoring" in self._components
+
     @property
     def is_on(self) -> bool:
         """Return true if the device is on."""
@@ -178,3 +214,36 @@ class TapoDevice(SmartDevice):
         """Update state from info from the discover call."""
         self._discovery_info = info
         self._info = info
+
+    async def get_emeter_realtime(self) -> EmeterStatus:
+        """Retrieve current energy readings."""
+        self._verify_emeter()
+        resp = await self.protocol.query("get_energy_usage")
+        self._energy = resp["get_energy_usage"]
+        return self.emeter_realtime
+
+    def _convert_energy_data(self, data, scale) -> Optional[float]:
+        """Return adjusted emeter information."""
+        return data if not data else data * scale
+
+    @property
+    def emeter_realtime(self) -> EmeterStatus:
+        """Get the emeter status."""
+        return EmeterStatus(
+            {
+                "power_mw": self._energy.get("current_power"),
+                "total": self._convert_energy_data(
+                    self._energy.get("today_energy"), 1 / 1000
+                ),
+            }
+        )
+
+    @property
+    def emeter_this_month(self) -> Optional[float]:
+        """Get the emeter value for this month."""
+        return self._convert_energy_data(self._energy.get("month_energy"), 1 / 1000)
+
+    @property
+    def emeter_today(self) -> Optional[float]:
+        """Get the emeter value for today."""
+        return self._convert_energy_data(self._energy.get("today_energy"), 1 / 1000)
diff --git a/kasa/tapo/tapoplug.py b/kasa/tapo/tapoplug.py
index 67aed565..bb20f5cc 100644
--- a/kasa/tapo/tapoplug.py
+++ b/kasa/tapo/tapoplug.py
@@ -4,10 +4,8 @@ from datetime import datetime, timedelta
 from typing import Any, Dict, Optional, cast
 
 from ..deviceconfig import DeviceConfig
-from ..emeterstatus import EmeterStatus
-from ..modules import Emeter
 from ..protocol import TPLinkProtocol
-from ..smartdevice import DeviceType, requires_update
+from ..smartdevice import DeviceType
 from .tapodevice import TapoDevice
 
 _LOGGER = logging.getLogger(__name__)
@@ -25,32 +23,6 @@ class TapoPlug(TapoDevice):
     ) -> None:
         super().__init__(host=host, config=config, protocol=protocol)
         self._device_type = DeviceType.Plug
-        self.modules: Dict[str, Any] = {}
-        self.emeter_type = "emeter"
-        self.modules["emeter"] = Emeter(self, self.emeter_type)
-
-    @property  # type: ignore
-    @requires_update
-    def has_emeter(self) -> bool:
-        """Return that the plug has an emeter."""
-        return True
-
-    async def update(self, update_children: bool = True):
-        """Call the device endpoint and update the device data."""
-        await super().update(update_children)
-
-        req = {
-            "get_energy_usage": None,
-            "get_current_power": None,
-        }
-        resp = await self.protocol.query(req)
-        self._energy = resp["get_energy_usage"]
-        self._emeter = resp["get_current_power"]
-
-        self._data["energy"] = self._energy
-        self._data["emeter"] = self._emeter
-
-        _LOGGER.debug("Got an update: %s %s", self._energy, self._emeter)
 
     @property
     def state_information(self) -> Dict[str, Any]:
@@ -64,35 +36,6 @@ class TapoPlug(TapoDevice):
             },
         }
 
-    @property
-    def emeter_realtime(self) -> EmeterStatus:
-        """Get the emeter status."""
-        return EmeterStatus(
-            {
-                "power_mw": self._energy.get("current_power"),
-                "total": self._convert_energy_data(
-                    self._energy.get("today_energy"), 1 / 1000
-                ),
-            }
-        )
-
-    async def get_emeter_realtime(self) -> EmeterStatus:
-        """Retrieve current energy readings."""
-        self._verify_emeter()
-        resp = await self.protocol.query("get_energy_usage")
-        self._energy = resp["get_energy_usage"]
-        return self.emeter_realtime
-
-    @property
-    def emeter_today(self) -> Optional[float]:
-        """Get the emeter value for today."""
-        return self._convert_energy_data(self._energy.get("today_energy"), 1 / 1000)
-
-    @property
-    def emeter_this_month(self) -> Optional[float]:
-        """Get the emeter value for this month."""
-        return self._convert_energy_data(self._energy.get("month_energy"), 1 / 1000)
-
     @property
     def on_since(self) -> Optional[datetime]:
         """Return the time that the device was turned on or None if turned off."""
@@ -100,7 +43,3 @@ class TapoPlug(TapoDevice):
             return None
         on_time = cast(float, self._info.get("on_time"))
         return datetime.now().replace(microsecond=0) - timedelta(seconds=on_time)
-
-    def _convert_energy_data(self, data, scale) -> Optional[float]:
-        """Return adjusted emeter information."""
-        return data if not data else data * scale
diff --git a/kasa/tests/test_smartdevice.py b/kasa/tests/test_smartdevice.py
index a3019bff..b2ae9c33 100644
--- a/kasa/tests/test_smartdevice.py
+++ b/kasa/tests/test_smartdevice.py
@@ -7,7 +7,7 @@ import pytest  # type: ignore # https://github.com/pytest-dev/pytest/issues/3342
 import kasa
 from kasa import Credentials, DeviceConfig, SmartDevice, SmartDeviceException
 
-from .conftest import device_iot, handle_turn_on, has_emeter, no_emeter_iot, turn_on
+from .conftest import device_iot, handle_turn_on, has_emeter_iot, no_emeter_iot, turn_on
 from .newfakes import PLUG_SCHEMA, TZ_SCHEMA, FakeTransportProtocol
 
 # List of all SmartXXX classes including the SmartDevice base class
@@ -35,7 +35,7 @@ async def test_invalid_connection(dev):
         await dev.update()
 
 
-@has_emeter
+@has_emeter_iot
 async def test_initial_update_emeter(dev, mocker):
     """Test that the initial update performs second query if emeter is available."""
     dev._last_update = None