This specification relates to a remote meter reading system using a plurality of master devices and a remote meter reading method thereof, and more particularly, a remote meter reading system using a plurality of master devices, capable of allowing for communication with another electricity meter modem which can replace one electricity meter modem when there is a trouble in communication between the one electricity meter modem and the master devices, allowing for fast and flexible reaction with respect to changes in communication network between the electricity meter modem and the master devices, and constructing a network path for communication with an optimal communication performance, all by way of enabling network connection and information sharing among master devices through communication between electricity meter modems and the plurality of master devices, and a remote meter reading method thereof.