This intelligent power meter simply plugs into a normal power point (GPO) and turns it into a real-time power monitoring outlet. You can enter the local price of your electricity and the meter will tell you exactly how much the appliance is costing to run. In addition, the power meter tracks the power(W) used and can display the instantaneous voltage(V) or current(A) being drawn as well as the peak levels that have been drawn. The meter has backup batteries so it will not lose the stored data during a blackout or moving from point to point. Simple to install and a valuable tool for monitoring you power consumption.