If you had two electric meters?

The power meter on your house already accounts for that. There's a two winding motor in it. One winding is connected in series with your house and the other in parallel, so one measures current and the other voltage. So the speed the motor runs will be affected by the amount of voltage, current, AND the relative phase between them, due to the fact that both windings have to be energized at the same time in order for there to be force between them. If there's a lot of voltage, a lot of current, but the phase angle between them is 90°, then the motor will not spin. Like in the case of motors with a bad power factor, some power that goes into them gets reflected back into the source. And this power factor is seen in the relative phase angle between voltage and current. The motor in the power meter will run at a slower rate than would be seen if it were just measuring the average voltage and current.

It's much the same way the power company can keep track of a large grid where power is going into and out of the grid and random places. The phase angle determines which way the power is going.

no it would not.

You pay more because electric company charges more meters rental fee, and it would not save any electricity.

No, It would not.

My electric company sends me a monthly statement of how my bill compares to the 100 nearest occupied homes. I'm always a little higher than the frugal ones around me, but the company makes suggestions of what I can do to make my bill lower. I'm not willing to turn off all the power strips connected to my electronics, or my nightlights in the hall, or the gadget that beeps at me if I left the garage door open.

It would cost more because the crooks who run the Electric companies who are low life scum can't get enough. Electric cost should be very minimal at best since it was established long ago that Electricity is free. Tesla proved this and he was condemned. All utilities are a scam and the public at large buys into these lies. Gasoline should cost no more than 30 cents a gallon at most and there should be no tax attached to it. The water we pay for is also a scam since it is never treated properly for consumption and sewage is nothing but the recycling of what you drink in the first place. People really are stupid when it comes to these charges and taxes but the libtards have a hold on the weak of mind.

There would no "out" unless you had solar or wind power for the rest of the time and the power company you use was required to buy your excess. It could lower you bills.....once you had made enough to pay for the set up in the first place....could take years.