The invention provides a method for processing flexible configurable electricity meter stipulations in electric power meter reading and a method for meter reading. The method for processing the flexible configurable electricity meter stipulations in electric power meter reading comprises the following steps that A, according to characteristic items of the various electricity meter stipulations and modules for collection and analysis of electricity meter data, a stipulation bank for electricity meter data processing is established; B, an electricity meter document is established and according to the stipulations adopted by electricity meters in the stipulation bank and the matched items, mapping between the electricity meter document and the stipulation bank is established; C, when the electricity meter data need to be collected, collection orders of the electricity meters are processed and generated according to the collection module, designated by the electricity meter document, of the stipulation bank; after the data are returned by the electricity meters, the data are firstly processed according to a normally-returned module of each electricity meter, if processing failure occurs, the data are processed according to an abnormally-returned module of each electricity meter, and if processing failure occurs again, matching analysis is conducted according to the stipulation bank. According to the method for processing electric power meter reading, the stipulation of each electricity meter can be configured in the collecting and reading processes, the flexibility and the adaptability of configuration are increased, and a collecting and reading device with the adoption of the method for processing electric power meter reading can achieve the purposes of simple deployment and easy popularization.