<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2005-09-01</periodOfReport>

    <dateOfOriginalSubmission>2005-09-02</dateOfOriginalSubmission>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000882154</issuerCik>
        <issuerName>METRETEK TECHNOLOGIES INC</issuerName>
        <issuerTradingSymbol>MEK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000909450</rptOwnerCik>
            <rptOwnerName>GRUBER &amp; MCBAINE CAPITAL MANAGEMENT LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>50 OSGOOD PLACE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94133</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Investment Advisor</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Previous filing was in error, reporting entity was not a 10% stockholder.</remarks>

    <ownerSignature>
        <signatureName>GRUBER &amp; MCBAINE CAPITAL MANAGEMENT, LLC  By:	/s/ J. Patterson McBaine, J. Patterson McBaine, Manager</signatureName>
        <signatureDate>2006-01-04</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Jon D. Gruber</signatureName>
        <signatureDate>2006-01-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
