An acceptable quality of electrical energy is seen today as an important component of ecology. Several instruments for estimating the quality of electrical power have been elaborated. Each supplier assures that the instrument meets the applicable standards and that the uncertainty of the measurement results obtained using the instrument does not exceed the established levels. The accuracy of the measurement results depends on a couple of things, e.g., the correctness of the measurement algorithms implemented in the instrument and the quality of its calibration. In this paper, the basic features of an "estimator/analyzer" (E/A) instrument, as well as the calibration methods of the instrument, the verification of its measurement algorithms, and also the obtained exemplary results, are shown. The proposal of the strategy of the reliable validation of embedded measurement algorithms for the identification of parameters characterizing electrical power quality in the power grid is discussed.