For non-critical metering (not disturbance or harmonic), emon dmon has a good product that have clamp-on CT's that do not require the disconnect of the power conductor to install.
For peak shaving, if you consider that a plant that pays demand charges for an entire month or series of months based on the highest 15-minute rolling demand reading made by the meter, then you try anything you can not to have a peak recorded. I had a client that had metering charges that would ratchet up each recorded increase in demand, and the highest demand would be billed for the entire year. The cost of diesel or natural gas is generally much cheaper than demand penalties.