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Usually the electric company will come out and read your meter before preparing the bill. So this calculation is relatively accurate. The only way it might be a mistake is if the estimated the bill.

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The reading taken from electrical meters are very accurate. The meters come under the government's controlled weights and measures act. If you suspect that you meter is not counting accurately call your utility company and they will pull your old meter and replace it with a new one. The old one will be tested to see if it is in the calibrated specifications or not. If it is found to be out of calibration and by how much you may get a credit on your next utility bill.

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