diff --git a/homeassistant/components/utility_meter/sensor.py b/homeassistant/components/utility_meter/sensor.py
index 19ef3c1f3a8..9c13aa1984a 100644
--- a/homeassistant/components/utility_meter/sensor.py
+++ b/homeassistant/components/utility_meter/sensor.py
@@ -27,6 +27,7 @@ from homeassistant.const import (
     ATTR_UNIT_OF_MEASUREMENT,
     CONF_NAME,
     CONF_UNIQUE_ID,
+    EVENT_CORE_CONFIG_UPDATE,
     STATE_UNAVAILABLE,
     STATE_UNKNOWN,
 )
@@ -404,6 +405,10 @@ class UtilityMeterSensor(RestoreSensor):
         self._tariff = tariff
         self._tariff_entity = tariff_entity
         self._next_reset = None
+        self._current_tz = None
+        self._config_scheduler()
+
+    def _config_scheduler(self):
         self.scheduler = (
             CronSim(
                 self._cron_pattern,
@@ -565,6 +570,7 @@ class UtilityMeterSensor(RestoreSensor):
                     self._next_reset,
                 )
             )
+            self.async_write_ha_state()
 
     async def _async_reset_meter(self, event):
         """Reset the utility meter status."""
@@ -601,6 +607,10 @@ class UtilityMeterSensor(RestoreSensor):
         """Handle entity which will be added."""
         await super().async_added_to_hass()
 
+        # track current timezone in case it changes
+        # and we need to reconfigure the scheduler
+        self._current_tz = self.hass.config.time_zone
+
         await self._program_reset()
 
         self.async_on_remove(
@@ -655,6 +665,19 @@ class UtilityMeterSensor(RestoreSensor):
 
         self.async_on_remove(async_at_started(self.hass, async_source_tracking))
 
+        async def async_track_time_zone(event):
+            """Reconfigure Scheduler after time zone changes."""
+
+            if self._current_tz != self.hass.config.time_zone:
+                self._current_tz = self.hass.config.time_zone
+
+                self._config_scheduler()
+                await self._program_reset()
+
+        self.async_on_remove(
+            self.hass.bus.async_listen(EVENT_CORE_CONFIG_UPDATE, async_track_time_zone)
+        )
+
     async def async_will_remove_from_hass(self) -> None:
         """Run when entity will be removed from hass."""
         if self._collecting:
diff --git a/tests/components/utility_meter/test_sensor.py b/tests/components/utility_meter/test_sensor.py
index 0ab78739f7f..348afac57f7 100644
--- a/tests/components/utility_meter/test_sensor.py
+++ b/tests/components/utility_meter/test_sensor.py
@@ -1764,6 +1764,23 @@ async def test_self_reset_hourly_dst2(hass: HomeAssistant) -> None:
     assert state.attributes.get("next_reset") == next_reset
 
 
+async def test_tz_changes(hass: HomeAssistant) -> None:
+    """Test that a timezone change changes the scheduler."""
+
+    await hass.config.async_update(time_zone="Europe/Prague")
+
+    await _test_self_reset(
+        hass, gen_config("daily"), "2024-10-26T23:59:00.000000+02:00"
+    )
+    state = hass.states.get("sensor.energy_bill")
+    assert state.attributes.get("next_reset") == "2024-10-28T00:00:00+01:00"
+
+    await hass.config.async_update(time_zone="Pacific/Fiji")
+
+    state = hass.states.get("sensor.energy_bill")
+    assert state.attributes.get("next_reset") != "2024-10-28T00:00:00+01:00"
+
+
 async def test_self_reset_daily(hass: HomeAssistant) -> None:
     """Test daily reset of meter."""
     await _test_self_reset(