Electric utility meters are used to record the amount of electricity used in a building. They are also used to communicate the data to the utility company. Oftentimes, they can be a great source of scrap material and can be recycled. Scrap recycling companies are available in the US and Canada, and can help you dispose of these materials safely.nSome electricity utility meters contain electronic components, which can be sold in the black market. Others contain scrap metal, such as copper, which is not very valuable. Whether your scrap electric utility meter contains scrap metal or not, it is unlikely to yield a huge profit. Regardless of how much you can make from scrapping an electric utility meter, remember that the power company controls it.nTo recycle electric utility meters, the first step is to connect the service wires to the meter box. They can be connected directly to the main service panel or to an interim disconnect. Once these connections are made, the technician can then connect the meter mechanism to the service wires. Next, he can tighten the screws and tug on the wires to ensure they are secure.nWhen a meter is stolen, it’s a great idea to have it removed. Then, a utility company technician can identify the stolen meter and replace it with the original one each month. This helps the utility company identify the stolen meter and confirm that it belongs to the right address. It’s also a good idea to take a picture of the meter before you remove it. If the meter isn’t damaged, it may be worth more than you think.