The invention provides a multi-functional electric meter with reactive power compensation and relay protection functions. Its functions include measuring and monitoring indoor temperature and humidity, three-phase voltage, current, phase sequence, frequency, power, harmonics, reactive power Compensation, relay protection. The main components of the multi-function electric meter are: 1. Sampling unit, 2. Analog-to-digital conversion unit, 3. Calculation and judgment unit, 4. Display unit, 5. Command execution unit, 6. Data storage unit. The sampling unit includes temperature sensors, humidity sensors, current detectors, voltage detectors, etc.; the analog-to-digital conversion unit converts the collected physical quantities into digital quantities; the calculation and judgment unit includes a calculation part and a judgment part, and these two parts are processed by two The computer calculates and judges the digital data, and this design can shorten the time from data acquisition, processing to display. The display unit is not only displayed on the LED screen of the multi-function meter, but also displayed on the main control machine of the monitoring system; the command execution unit includes automatic regulation and manual regulation.