Exact measurement of the parameters of a power network is now possible by digital methods. The description of the proposed and realized instrument based on the digital sampling method is given. It can measure basic parameters of the three-phase power network such as rms values of voltages and currents, powers, energies, power factors and the network frequency. Questions concerning the accuracy of measurement, error sources, and error correction are also given. A method of calibration based on the frequency output is proposed and its calculation accuracy evaluated by MATLAB