Yes, you do have do multiply, but not the number on the dial itself. This is a commercial or heavy residential use meter. They are geared so that each kilowatt hour measured by the dial is actually 20 kilowatt hours. This is done since some users use so much power that the meter could actually roll over during a normal billing cycle using a regular meter. So, if you are reading this meter to determine how many kilowatt hours you have used since the last reading, you simply read the meter as you would any normal meter to get the number displayed. Your photo reads 13525. That is your current meter value. If you last bill stated the meter value was 13501, that would indicate that you used 24 (13525-13501) times 20 or 480 kilowatt hours since the last bill.
Hope this helps!
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