diff --git a/homeassistant/components/utility_meter/const.py b/homeassistant/components/utility_meter/const.py
index 5be7dcf9b69..7b55ec4dcd0 100644
--- a/homeassistant/components/utility_meter/const.py
+++ b/homeassistant/components/utility_meter/const.py
@@ -5,10 +5,11 @@ HOURLY = "hourly"
 DAILY = "daily"
 WEEKLY = "weekly"
 MONTHLY = "monthly"
+BIMONTHLY = "bimonthly"
 QUARTERLY = "quarterly"
 YEARLY = "yearly"
 
-METER_TYPES = [HOURLY, DAILY, WEEKLY, MONTHLY, QUARTERLY, YEARLY]
+METER_TYPES = [HOURLY, DAILY, WEEKLY, MONTHLY, BIMONTHLY, QUARTERLY, YEARLY]
 
 DATA_UTILITY = "utility_meter_data"
 
diff --git a/homeassistant/components/utility_meter/sensor.py b/homeassistant/components/utility_meter/sensor.py
index 8372d8e6b22..54f93422abd 100644
--- a/homeassistant/components/utility_meter/sensor.py
+++ b/homeassistant/components/utility_meter/sensor.py
@@ -24,6 +24,7 @@ import homeassistant.util.dt as dt_util
 
 from .const import (
     ATTR_VALUE,
+    BIMONTHLY,
     CONF_METER,
     CONF_METER_NET_CONSUMPTION,
     CONF_METER_OFFSET,
@@ -204,6 +205,12 @@ class UtilityMeterSensor(RestoreEntity):
             and now != date(now.year, now.month, 1) + self._period_offset
         ):
             return
+        if (
+            self._period == BIMONTHLY
+            and now
+            != date(now.year, (((now.month - 1) // 2) * 2 + 1), 1) + self._period_offset
+        ):
+            return
         if (
             self._period == QUARTERLY
             and now
@@ -241,7 +248,7 @@ class UtilityMeterSensor(RestoreEntity):
                 minute=self._period_offset.seconds // 60,
                 second=self._period_offset.seconds % 60,
             )
-        elif self._period in [DAILY, WEEKLY, MONTHLY, QUARTERLY, YEARLY]:
+        elif self._period in [DAILY, WEEKLY, MONTHLY, BIMONTHLY, QUARTERLY, YEARLY]:
             async_track_time_change(
                 self.hass,
                 self._async_reset_meter,
diff --git a/tests/components/utility_meter/test_sensor.py b/tests/components/utility_meter/test_sensor.py
index c1613c53a20..af2bbdbf6a2 100644
--- a/tests/components/utility_meter/test_sensor.py
+++ b/tests/components/utility_meter/test_sensor.py
@@ -288,6 +288,23 @@ async def test_self_reset_monthly(hass, legacy_patchable_time):
     )
 
 
+async def test_self_reset_bimonthly(hass, legacy_patchable_time):
+    """Test bimonthly reset of meter occurs on even months."""
+    await _test_self_reset(
+        hass, gen_config("bimonthly"), "2017-12-31T23:59:00.000000+00:00"
+    )
+
+
+async def test_self_no_reset_bimonthly(hass, legacy_patchable_time):
+    """Test bimonthly reset of meter does not occur on odd months."""
+    await _test_self_reset(
+        hass,
+        gen_config("bimonthly"),
+        "2018-01-01T23:59:00.000000+00:00",
+        expect_reset=False,
+    )
+
+
 async def test_self_reset_quarterly(hass, legacy_patchable_time):
     """Test quarterly reset of meter."""
     await _test_self_reset(