British Gas Confirms £600m Deal With Smart Meter Provider

British Gas has confirmed it has reached an agreement with smart meter provider Landis+Gyr worth £600 million. The energy supplier will now receive the majority of its 16 million smart meter devices from the firm, creating new jobs at both firms.

Smart meters show real time usage of energy in the home, with readings sent to energy suppliers daily, giving both supplier and bill payer a much more reliable figure for energy usage rather than estimates. The increase in new smart meters comes as part of the government's drive to have smart meters rolled out and fitted in homes across the UK as standard by 2020.

British Gas Managing Director, Chris Weston, said:

"Our £600m investment in Landis+Gyr's smart metering solutions means we can provide smart meters cost-effectively to our customers, and bring them the benefits of this innovative technology as soon as possible.

"British Gas is leading the industry in the deployment of smart meters as part of our commitment to reshaping the energy industry for the digital era, making it easier for customers to understand their energy use and keep bills under control." (Source: www.ukpower.co.uk)


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