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ABSTRACT: Existing inductive energy meters have very poor accuracy and reliability with their moving mechanism getting stuck quite often. Salient Features: 1) 2) 3) 4) Processor based design. Memory backup using CMOS- RAM with Lithium battery. Power management electronically by latest Time Division Multiplication Principle. Errors due to power factor variations are automatically controlled out due to inherent circuit design. 5) Very high accuracy of multiplication over a wide dynamic range of 1000:1.