Info says "no wiring required" and shows someone attaching something to the electric meter. Probably has a line clamp that reads current and transmits it to the hand held device.
I got one here in Canada ($99CDN at Canadian Tire) and installed it 48hrs ago, it works surprisingly well. It optically reads your meter and transmits it to the station (which looks like a weather station). In the two days, it is with the rounding error of what my digital meter reads. It takes about 15 minutes (at the most to install).
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