Smart Metering Partners With Bristol Energy To Install Smart Meters

LONDON (Alliance News) - Smart Metering Systems PLC on Thursday said it has signed an agreement ...

Alliance News 25 October, 2018 | 9:17AM
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LONDON (Alliance News) - Smart Metering Systems PLC on Thursday said it has signed an agreement with Bristol Energy to provide services as an integrated domestic smart meter installer and meter asset provider.

Under the contract, the metering services company said it will have an access to a minimum 100,000 meter points to exchange, fund and install domestic smart meters on behalf of Bristol Energy.

The deal is a part of the UK government programme, overseen by the Department of Business, requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.

Smart Metering Systems neither disclosed any financial details of the contract, nor said when it is scheduled to commence.

"It gives us great pleasure to have added Bristol Energy to our portfolio of contracted energy suppliers for the smart meter roll-out programme," said Smart Metering Systems Chief Executive Alan Foy.

Smart Metering Systems shares were trading 0.2% higher on Thursday at 530.00 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Smart Metering Systems PLC 532.96 GBX -0.57 -

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