In order to improve energy efficiency and solve power disturbances, power components measurement for both the supply and demand side of a power system must be implemented before appropriate action on the power problems can be taken. This paper presents a DSP (Digital Signal Processor)-based multi-channel (voltage 8-channel and current 10-channel) power measurement system that can simultaneously measure and analyze power components for both supply and demand. Voltage 8-channel and current 10-channel measurement is made through voltage and current sensors connected to the developed system, and power components such as reactive power, power factor and harmonics are calculated and measured by the DSP. The measured data are stored in a personal computer (PC) and a commercial program is then used for measurement data analysis and display. After voltage and current measurement accuracy revision using YOKOGAWA 2558, the developed system was tested using a programmable ac power source. The test results showed the accuracy of the developed system to be about 0.3 percent. Also, a simultaneous measurement field test of the developed system was implemented by application to the supply and demand side of the three-phase power system.