This document presents a new approach for remote monitoring of critical electrical parameters in high voltage substations using non-contact hall sensors and wireless communication. Hall sensors can measure current in a conductor without direct contact and produce a voltage signal proportional to the current. This signal is sent to a microcontroller which converts it to a digital signal containing the current value. The value is displayed on an LCD screen. A simulation and hardware prototype were developed to validate the concept. The system allows accurate and effective non-contact monitoring of equipment parameters in remote HV substations.