diff --git a/homeassistant/components/utility_meter/sensor.py b/homeassistant/components/utility_meter/sensor.py
index 683a069fc8b0d..dac8bdc0791d0 100644
--- a/homeassistant/components/utility_meter/sensor.py
+++ b/homeassistant/components/utility_meter/sensor.py
@@ -406,11 +406,12 @@ def __init__(
         self._current_tz = None
         self._config_scheduler()
 
-    def _config_scheduler(self):
+    def _config_scheduler(self, start_time: datetime | None = None) -> None:
         self.scheduler = (
             CronSim(
                 self._cron_pattern,
-                dt_util.now(
+                start_time
+                or dt_util.now(
                     dt_util.get_default_time_zone()
                 ),  # we need timezone for DST purposes (see issue #102984)
             )
@@ -608,8 +609,6 @@ async def async_added_to_hass(self) -> None:
         # and we need to reconfigure the scheduler
         self._current_tz = self.hass.config.time_zone
 
-        await self._program_reset()
-
         self.async_on_remove(
             async_dispatcher_connect(
                 self.hass, SIGNAL_RESET_METER, self.async_reset_meter
@@ -628,6 +627,13 @@ async def async_added_to_hass(self) -> None:
             if last_sensor_data.status == COLLECTING:
                 # Null lambda to allow cancelling the collection on tariff change
                 self._collecting = lambda: None
+            # Reconfigure the scheduler from the restored last_reset so that
+            # next_reset is not shifted forward on entity restore/rename.
+            self._config_scheduler(
+                dt_util.as_local(self._last_reset) if self._last_reset else None
+            )
+
+        await self._program_reset()
 
         @callback
         def async_source_tracking(event):
diff --git a/tests/components/utility_meter/test_sensor.py b/tests/components/utility_meter/test_sensor.py
index f684cdb16a0bb..7bcb2f5f8b412 100644
--- a/tests/components/utility_meter/test_sensor.py
+++ b/tests/components/utility_meter/test_sensor.py
@@ -1799,6 +1799,63 @@ async def test_tz_changes(hass: HomeAssistant) -> None:
     assert state.attributes.get("next_reset") != "2024-10-28T00:00:00+01:00"
 
 
+async def test_next_reset_not_shifted_on_restore(hass: HomeAssistant) -> None:
+    """Test that a missed reset fires on restore after entity rename.
+
+    When an entity is restored (e.g. after rename) and a reset was missed,
+    the scheduler should catch up from last_reset rather than starting from
+    now(), which would skip the missed reset entirely.
+    """
+    last_reset = "2024-10-27T00:00:00+00:00"
+
+    mock_restore_cache_with_extra_data(
+        hass,
+        [
+            (
+                State(
+                    "sensor.energy_bill",
+                    "3",
+                    attributes={
+                        ATTR_STATUS: COLLECTING,
+                        ATTR_LAST_RESET: last_reset,
+                        ATTR_UNIT_OF_MEASUREMENT: UnitOfEnergy.KILO_WATT_HOUR,
+                    },
+                ),
+                {
+                    "native_value": {
+                        "__type": "<class 'decimal.Decimal'>",
+                        "decimal_str": "3",
+                    },
+                    "native_unit_of_measurement": "kWh",
+                    "last_reset": last_reset,
+                    "last_period": "0",
+                    "last_valid_state": "3",
+                    "status": "collecting",
+                    "input_device_class": "energy",
+                },
+            ),
+        ],
+    )
+
+    # Restore at noon on Oct 28 - the Oct 28 midnight reset was missed
+    now = dt_util.parse_datetime("2024-10-28T12:00:00+00:00")
+    with freeze_time(now):
+        assert await async_setup_component(hass, DOMAIN, gen_config("daily"))
+        await hass.async_block_till_done()
+        hass.bus.async_fire(EVENT_HOMEASSISTANT_STARTED)
+        await hass.async_block_till_done()
+
+    state = hass.states.get("sensor.energy_bill")
+    assert state is not None
+    # The missed reset should have fired as a catch-up, updating last_reset
+    # and recording the previous period value. Without the fix, last_reset
+    # stays at the original value because the scheduler starts from now()
+    # and skips the missed period entirely.
+    assert state.attributes.get("last_reset") != last_reset
+    assert state.attributes.get("last_period") == "3"
+    assert state.state == "0"
+
+
 async def test_self_reset_daily(hass: HomeAssistant) -> None:
     """Test daily reset of meter."""
     await _test_self_reset(