"If i had the TED i could test the output of the smart meters display to the teds usage display.
Not much different from me using the bli-2800 to measure meter energy use compared to know wattage's of the appliance/ device. "
The problem is, you can't depend on the 'known wattage' of a device, it it will change
with any change in line voltage, and is never exactly the wattage stated on the device label.
Has recent history of the Hydro Smart meters shown they are accurate?
If not, would the IR signal out of those meters be accurate?
The TED doesn't depend on your home's electric meter to feed it signals.
A TED uses it's own current probes to measure current and a volt meter to measure voltage.
From those two parameters, it will calculate and display your watts being used in real-time,
and records the kWh used for each day and billing cycle. (Up to 1 year of history IIRC).