SMETv2 Power Readings - instantaneous or average?

I am looking at comparing the readings from my SMETS2 smart meter (a Kaifa MA120) with the readings I am getting from a Victron VM-3P75CT, to see how they compare.

I can access the 10 second readings from my smart meter via my Octopus Home Mini - and making GraphQL calls to Octopus - which can return:

  • readAt (ISO 8601 timestamp)
  • consumption (Wh - meter reading)
  • demand (Watts)
  • export (Watts)

Does anyone know what the demand value is based on - is it an instantaneous power usage at that point in time, or an average over the previous 10 seconds?

I presume it is the same as the number displayed on In Home Displays.

Thanks!