An optical power meter including a photodiode having a surface for receiving a beam of light, a thermo-electric cooler for maintaining the photodiode at a predetermined temperature, and a current monitor for measuring a drive current passing through the thermo-electric cooler allows dark current drift arising from a varying thermal gradient across the active region of the photodiode to be corrected, thus improving stability of the optical power meter. More specifically, by monitoring the TEC drive current, and applying a correction factor to the optical power readings, the stability of optical power readings is improved by an order of magnitude.