Yes it can dum dum.
2 years ago we had huge issue of voltage fluctuations due to bad grid transformer (voltage would just keep fluctuating between 170 - 300v) . Did pretty well during those times. Voltage fluctuations were the only reason I installed it because I didn't want TVs, mobile, laptop chargers and other sensitive electronics to burn. Refrigerators had stabilizers but removed them after installing it. After so many complaints by people who got burnt appliances and after enforcement by MNA, LESCO finally decided to change their faulty transformer after 3 months. Yup these M****C*** are this much efficient. 
Just few days ago one of those breakers had gone bad after 2 years so just changed that.
Why do you think people who engineered it are idiots?