As far as I can see there is nothing between the fuse box and the DNO. It's the other side of the wall so it's easy to trace.
That means the CT clamp should be measuring the total input or output from the house.
I don't know how the EM115 is powered. I assume it's on the Battery (or Solar) circuits.
The CT clamp must be the right way. Everything adds up and makes sense during night and day.
Below I have included the requested pictures.
I have a hypothesis what it is...


I think the 500 W is mostly the efficiency loss of the inverter plus the wattage of running battery and solar equipment.
There are measurements of electricity at the AC ingress/egress to the house, DC from the solar panel and from the DC from the battery.
In my example (rounding the numbers) the DC from the battery was 3000 W. The AC going back to the grid was 2500 W. The difference is 500 W. Which is can only assume is the house. But it's not - all the house, except the battery and solar monitoring equipment was off at the fuse box. It has no other way of knowing how much the house is using. There is no measurement for each spur - only to the DNO.
That works out at only 88% efficiency - ignoring the 100 W from the solar. I would be expecting more like 93%.
Reasonable hypothesis?
I will have to repeat the experiment again. But this time look at My Inverter, the solar app and the actual smart meter outside to confirm numbers. And turn it in to a theory.