No you can't. A current transformer measures current. Those so called energy monitors also only measure current. To know what you are using in watts or £p you need three measurements not one, namely current, voltage, and power factor.
OK for the current transformer it only measures amps, the plug in device measures watts and also shows power factor, but the one which clamps around the oncoming cable only measures amps. However at 230 volt it does give you a good idea of the watts used. It even gives you an idea of the Joules used, OK not calibrated in Joules it is calibrated in kilowatt/hours. 360 seconds in an hour so easy to convert into correct units.
But the whole idea is to show you what you are using and do something to reduce your bill. So we know the cooker and shower use a lot of power, so if the cooker is left on, or the shower is left on, then you want the smart meter to do something smart. Be it set off an alarm or turn off the power automatically for it to save money it has to do something. The IFTTT protocol would seem the logical method, the user needs to be able to use the information from the smart meter to do something.
A device like this
can be programmed to do something when it detects abnormal power use. Personally I don't use one, but it has the capability to do something, even if it only sends you a text message. It is a "Smart" device, this plug in device
is the same, it monitors and will allow some automated action so if it powered a fan heater you could set it up so if the power did not drop within an hour it will switch off, i.e. some one has left the window open. It is a "Smart" device. As to if Joe Public could work out which applications he needs to use to get some benefit from the device is not so easy, but the devices will do the job if you know how.
But the "Smart" meter as far as the house holder is concerned does no more than the simple current transformer given away free by many suppliers 5 years ago. They showed you how much you were using and when you were using it, and even sent the info to Scottish Power so the estimated bill although not 100% accurate was not that far off and was corrected once a year.
And in real terms many suppliers actually spread out the bill so you pay more in summer than you should so winter bills are not so high, many people like this, when we have heavy snow so you can't get to work, having a extra high gas bill is the last thing you want.
What I am saying unless the "smart" meter has something like IFTTT then it is simply not smart, and is being miss sold.