Electrochemical and photoelectrochemical sensors are a rapidly developing field in analytical chemistry. However, commercial systems often lack versatility and affordability, hindering wider adoption. Additionally, the absence of integrated excitation light sources limits their application in photoelectrochemical sensing. Here, we present a highly precise, versatile, affordable measurement system for both electrochemical and photoelectrochemical sensing applications. The system incorporates a three-electrode potentiostat with a synchronized excitation light source. This design enables the system to perform conventional electrochemical measurements like cyclic voltammetry, chronoamperometry, and photoelectrochemical amperometric measurements with controlled light excitation. The developed measurement system operates within a voltage range suitable for a measurable current range of 1 nA to 18 mA, with a high precision of 99%. The excitation source is a monochromatic LED system offering seven distinct wavelengths with digitally controlled intensity via a digital-to-analog converter. Furthermore, an Android-based user interface allows wireless system control via Bluetooth Low Energy. The report also details the construction of a photoelectrochemical experiment using copper (II) oxide nanorods synthesized by the hydrothermal process as the photoactive material employed to test the experiment on a potassium ferricyanide/potassium ferrocyanide solution. This user-friendly system allows broader exploration of electrochemical and photoelectrochemical sensing applications.