Yes, metered is in the scrabble dictionary

...and is worth 11 points by itself.

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Metered Definition

verb

Simple past tense and past participle of meter.
from the English-language Wiktionary

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Top Words by points

Points

metered

10

2 letter words with METERED

Points

et

2

de

3

re

2

me

4

er

2

em

4

ed

3

te

2

3 letter words with METERED

Points

dee

4

ted

4

tee

3

red

4

ree

3

eme

5

ere

3

rem

5

med

6

met

5

ret

3

4 letter words with METERED

Points

teem

6

term

6

rede

5

reed

5

tree

4

teed

5

rete

4

trem

6

deer

5

deem

7

deet

5

deme

7

mete

6

mere

6

meet

6

meed

7

dere

5

derm

7

dree

5

5 letter words with METERED

Points

deter

6

treed

6

retem

7

remet

7

emeer

7

meted

8

meter

7

metre

7

6 letter words with METERED

Points

termed

9

teemed

9

teemer

8

remeet

8

redeem

9

metred

9

meeter

8

7 letter words with METERED

Points

metered

10

Found 54 words in 0.27857 seconds