Assuming there is either no neutral or it is arranged in a separate cable I would gladly know if the power factor (3EM says 0,41) would be plausible? If not, I would recommend to double check the connection of the voltage inputs of the Shelly 3EM: Are they corresponding with the current clamps A, B and C? Incorrect settings are producing generally too low current readings!
Addendum: My answer was written before you clarified the neutral question! Sorry!
I double checked the wiring this morning and was perfectly OK. The power factor problem would be understandable, but the measured current itself still should be good independently. (The calculated real power would be of course wrong)
I measured our other 4 pcs Shelly 3EM all of them are measuring within 1-2% error regarding the current values. The power factors are also close to the nominal 0.85 written on the motors.
I assume something is wrong with this particular device. I will ask the evening shift electrician to replace to another new one. Tomorrow we will know more.
I just installed my 3EM. I detected that at the settingspage you can select 50A or 120A transformers. My 3EM was deliverd with 120A transformers but SW was set at 50A.
Did you check this setting. Would explain a difference of app 50%.
McM
That setting is only availible in the old firmwares. I downgraded, and set to 120A and was still measuring wrong. After I upgraded to latest firmware with the exactly same reasults.