Calibration of a non-contact current sensor provides improved accuracy for measuring current conducted through a conductor such as an AC branch circuit wire. In a calibration mode, a predetermined current is injected through a voltage sensing conductor integrated in the non-contact current sensor. The magnitude of the magnetic field is measured using a sensing element of the non-contact current sensor. Then, when operating in measurement mode, a current conducted in a wire passing through the non-contact current sensor is determined by correcting the output of the non-contact current sensor using the result of the measurement made in the calibration mode. The voltage sensing conductor is used to provide an indication of the magnitude and/or the phase of the electrostatic potential on the wire. The calibration current may be a DC current, and calibration may be performed while the conductor is carrying an AC current.