Smart grids are seeing an increase in renewable energy and an enormous introduction of advanced power electronics, increasing the number of disturbance sources. This requires improving the accuracy of measurement systems capable of acquiring data for use in power system monitoring applications. Rogowski Coils (RCs) and Merging Units (MUs) are being widely deployed in controlling, metering, and monitoring of digital power systems. Because the performance of digital measurement devices has a direct influence on power measurement accuracy, it is critical to perform a laboratory calibration of these measurement instruments before they are installed in any project. To determine the magnitude and phase displacement errors of the RC+MU under normal and abnormal operating conditions, this article presents a comprehensive laboratory digital calibration system constructed from precise, readily available commercial products such as a fluxgate current transducer and a National Instrument. In addition, the analysis of measurement chain is affected by sources of uncertainty is discussed. The tests yield findings that are consistent with the relevant standards.