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No, the electrical meter reads watts by multiplying the voltage and the amperage used in electrical circuits. Using oversize wire does not govern the amperage flow to the load. The load resistance in the circuit is what governs the amount of current that flows through the wire. This current in the load circuit is multiplied by the voltage applied to the circuit at the electrical meter. The product of this multiplication is wattage, multiplied by the amount of time the load is on, is what the electrical utility bill is based on.

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