diff --git a/homeassistant/components/utility_meter/const.py b/homeassistant/components/utility_meter/const.py
index 23d39204f9c3..5be7dcf9b697 100644
--- a/homeassistant/components/utility_meter/const.py
+++ b/homeassistant/components/utility_meter/const.py
@@ -23,6 +23,7 @@ CONF_TARIFF = "tariff"
 CONF_TARIFF_ENTITY = "tariff_entity"
 
 ATTR_TARIFF = "tariff"
+ATTR_VALUE = "value"
 
 SIGNAL_START_PAUSE_METER = "utility_meter_start_pause"
 SIGNAL_RESET_METER = "utility_meter_reset"
@@ -30,3 +31,4 @@ SIGNAL_RESET_METER = "utility_meter_reset"
 SERVICE_RESET = "reset"
 SERVICE_SELECT_TARIFF = "select_tariff"
 SERVICE_SELECT_NEXT_TARIFF = "next_tariff"
+SERVICE_CALIBRATE_METER = "calibrate"
diff --git a/homeassistant/components/utility_meter/sensor.py b/homeassistant/components/utility_meter/sensor.py
index 8c47e716b805..ad82cd9e79f5 100644
--- a/homeassistant/components/utility_meter/sensor.py
+++ b/homeassistant/components/utility_meter/sensor.py
@@ -3,6 +3,8 @@ from datetime import date, timedelta
 from decimal import Decimal, DecimalException
 import logging
 
+import voluptuous as vol
+
 from homeassistant.const import (
     ATTR_UNIT_OF_MEASUREMENT,
     CONF_NAME,
@@ -11,6 +13,7 @@ from homeassistant.const import (
     STATE_UNKNOWN,
 )
 from homeassistant.core import callback
+from homeassistant.helpers import entity_platform
 from homeassistant.helpers.dispatcher import async_dispatcher_connect
 from homeassistant.helpers.event import (
     async_track_state_change,
@@ -20,6 +23,7 @@ from homeassistant.helpers.restore_state import RestoreEntity
 import homeassistant.util.dt as dt_util
 
 from .const import (
+    ATTR_VALUE,
     CONF_METER,
     CONF_METER_NET_CONSUMPTION,
     CONF_METER_OFFSET,
@@ -32,6 +36,7 @@ from .const import (
     HOURLY,
     MONTHLY,
     QUARTERLY,
+    SERVICE_CALIBRATE_METER,
     SIGNAL_RESET_METER,
     WEEKLY,
     YEARLY,
@@ -86,6 +91,14 @@ async def async_setup_platform(hass, config, async_add_entities, discovery_info=
 
     async_add_entities(meters)
 
+    platform = entity_platform.current_platform.get()
+
+    platform.async_register_entity_service(
+        SERVICE_CALIBRATE_METER,
+        {vol.Required(ATTR_VALUE): vol.Coerce(float)},
+        "async_calibrate",
+    )
+
 
 class UtilityMeterSensor(RestoreEntity):
     """Representation of an utility meter sensor."""
@@ -206,6 +219,12 @@ class UtilityMeterSensor(RestoreEntity):
         self._state = 0
         await self.async_update_ha_state()
 
+    async def async_calibrate(self, value):
+        """Calibrate the Utility Meter with a given value."""
+        _LOGGER.debug("Calibrate %s = %s", self._name, value)
+        self._state = Decimal(value)
+        self.async_write_ha_state()
+
     async def async_added_to_hass(self):
         """Handle entity which will be added."""
         await super().async_added_to_hass()
diff --git a/homeassistant/components/utility_meter/services.yaml b/homeassistant/components/utility_meter/services.yaml
index 5437f4b83a69..42522f81876f 100644
--- a/homeassistant/components/utility_meter/services.yaml
+++ b/homeassistant/components/utility_meter/services.yaml
@@ -23,3 +23,13 @@ select_tariff:
     tariff:
       description: Name of the tariff to switch to
       example: 'offpeak'
+
+calibrate:
+  description: calibrates an utility meter.
+  fields:
+    entity_id:
+      description: Name of the entity to calibrate
+      example: 'utility_meter.energy'
+    value:
+      description: Value to which set the meter
+      example: '100'
\ No newline at end of file
diff --git a/tests/components/utility_meter/test_sensor.py b/tests/components/utility_meter/test_sensor.py
index fcfe97804e41..19742d74f213 100644
--- a/tests/components/utility_meter/test_sensor.py
+++ b/tests/components/utility_meter/test_sensor.py
@@ -7,7 +7,9 @@ from unittest.mock import patch
 from homeassistant.components.sensor import DOMAIN as SENSOR_DOMAIN
 from homeassistant.components.utility_meter.const import (
     ATTR_TARIFF,
+    ATTR_VALUE,
     DOMAIN,
+    SERVICE_CALIBRATE_METER,
     SERVICE_SELECT_TARIFF,
 )
 from homeassistant.const import ATTR_ENTITY_ID, EVENT_HOMEASSISTANT_START
@@ -96,6 +98,17 @@ async def test_state(hass):
     assert state is not None
     assert state.state == "3"
 
+    await hass.services.async_call(
+        DOMAIN,
+        SERVICE_CALIBRATE_METER,
+        {ATTR_ENTITY_ID: "sensor.energy_bill_midpeak", ATTR_VALUE: "100"},
+        blocking=True,
+    )
+    await hass.async_block_till_done()
+    state = hass.states.get("sensor.energy_bill_midpeak")
+    assert state is not None
+    assert state.state == "100"
+
 
 async def test_net_consumption(hass):
     """Test utility sensor state."""