That is correct.
Cant access the full functionality just yet as it needs an EV hooked up to it first. But so far I can change the charging speed/ consumption. Has an option for fast, eco or eco+. Fast basically draws power from the grid if needed, eco balances the two and eco+ doesnt charge at all until you're not using much in the home.
With mine, it wont measure the consumption of the home because its hooked up to the standalone consumer box that in the garage. So the only thing it'll really measure is consumption from the garage doors, switches and lighting