I wouldn't be confident about the accuracy of that. Might be OK but how do you know?
Firstly I suspect you would be better off with a split-core current transformer, so you can clip it on the cable of an existing installation, and secondly I would suggest buying something built to a standard - eg meter accuracy standard "MID".
I'm not necessarily recommending the thing below, but it's illustrative of the sort of kit built to a standard and it would be accurate.
(You would need to be able to plug it into the mains, unlike the battery powered instrument you show, but I guess that shouldn't be too big a problem)
OB115-MOD 100Amp CT Smart Meter INCLUDES: Solid/Split Core CT sensor, 333mV ac input 100A. ● MID approved with module B & D certification. ● Bidirectional energy metering 1 DIN modules,230V AC 50/ 60Hz.● Display of Voltage, Ampere, kW, PF, Hz, +kWh,-kWh,ΣkWh ● Total energy usage...
owen-brothers.com