diff --git a/homeassistant/components/utility_meter/__init__.py b/homeassistant/components/utility_meter/__init__.py
index 4b99611684a..a3b489dc55c 100644
--- a/homeassistant/components/utility_meter/__init__.py
+++ b/homeassistant/components/utility_meter/__init__.py
@@ -266,8 +266,7 @@ async def async_migrate_entry(hass: HomeAssistant, config_entry: ConfigEntry) ->
     if config_entry.version == 1:
         new = {**config_entry.options}
         new[CONF_METER_PERIODICALLY_RESETTING] = True
-        config_entry.version = 2
-        hass.config_entries.async_update_entry(config_entry, options=new)
+        hass.config_entries.async_update_entry(config_entry, options=new, version=2)
 
     _LOGGER.info("Migration to version %s successful", config_entry.version)