diff --git a/cloudkitty/api/v1/controllers/rating.py b/cloudkitty/api/v1/controllers/rating.py
index 56bca26d..fa422b2e 100644
--- a/cloudkitty/api/v1/controllers/rating.py
+++ b/cloudkitty/api/v1/controllers/rating.py
@@ -14,6 +14,7 @@
 #    under the License.
 #
 from oslo_concurrency import lockutils
+from oslo_log import log
 import pecan
 from pecan import rest
 from stevedore import extension
@@ -26,6 +27,8 @@ from cloudkitty import utils as ck_utils
 
 PROCESSORS_NAMESPACE = 'cloudkitty.rating.processors'
 
+LOG = log.getLogger(__name__)
+
 
 class RatingModulesMixin(object):
     def reload_extensions(self):
@@ -202,7 +205,8 @@ class RatingController(rest.RestController):
             json_data = res.to_json()
             res_dict[res.service].extend(json_data[res.service])
 
-        res = client.call({}, 'quote', res_data=[{'usage': res_dict}])
+        LOG.debug("Calling quote method with data: [%s].", res_dict)
+        res = client.call({}, 'quote', res_data={'usage': res_dict})
         return res
 
     @wsme_pecan.wsexpose(None)
diff --git a/cloudkitty/orchestrator.py b/cloudkitty/orchestrator.py
index 97a4eaa7..5546c879 100644
--- a/cloudkitty/orchestrator.py
+++ b/cloudkitty/orchestrator.py
@@ -115,9 +115,41 @@ class RatingEndpoint(object):
             return module_list
 
     def quote(self, ctxt, res_data):
-        LOG.debug('Received quote from RPC.')
+        LOG.debug('Received quote request [%s] from RPC.', res_data)
         worker = APIWorker()
-        return str(worker.quote(res_data))
+
+        start = tzutils.localized_now()
+        end = tzutils.add_delta(start, timedelta(seconds=CONF.collect.period))
+
+        # Need to prepare data to support the V2 processing format
+        usage = {}
+        for k in res_data['usage']:
+            all_data_points_for_metric = []
+            all_quote_data_entries = res_data['usage'][k]
+            for p in all_quote_data_entries:
+                vol = p['vol']
+                desc = p.get('desc', {})
+
+                data_point = dataframe.DataPoint(
+                    vol['unit'],
+                    vol['qty'],
+                    0,
+                    desc.get('groupby', []),
+                    desc.get('metadata', []),
+                )
+                all_data_points_for_metric.append(data_point)
+            usage[k] = all_data_points_for_metric
+
+        frame = dataframe.DataFrame(
+            start=start,
+            end=end,
+            usage=usage,
+        )
+
+        quote_result = worker.quote(frame)
+        LOG.debug("Quote result [%s] for input data [%s].",
+                  quote_result, res_data)
+        return str(quote_result)
 
     def reload_modules(self, ctxt):
         LOG.info('Received reload modules command.')
@@ -219,15 +251,13 @@ class APIWorker(BaseWorker):
         super(APIWorker, self).__init__(tenant_id)
 
     def quote(self, res_data):
+        quote_result = res_data
         for processor in self._processors:
-            processor.obj.quote(res_data)
+            quote_result = processor.obj.quote(quote_result)
 
         price = decimal.Decimal(0)
-        for res in res_data:
-            for res_usage in res['usage'].values():
-                for data in res_usage:
-                    price += data.get('rating', {}).get('price',
-                                                        decimal.Decimal(0))
+        for _, point in quote_result.iterpoints():
+            price += point.price
         return price
 
 
diff --git a/releasenotes/notes/fix-quote-v1-api-7282f01b596f0f3b.yaml b/releasenotes/notes/fix-quote-v1-api-7282f01b596f0f3b.yaml
new file mode 100644
index 00000000..9dca5285
--- /dev/null
+++ b/releasenotes/notes/fix-quote-v1-api-7282f01b596f0f3b.yaml
@@ -0,0 +1,5 @@
+---
+fixes:
+  - |
+    Fixes the quote API method. See story 2009022
+    <https://storyboard.openstack.org/#!/story/2009022>`_ for more details.