London, U.K. — (METERING.COM) — September 17, 2013 – British Gas has awarded a £600 million deal to Landis+Gyr, under which the company will supply the majority of the 16 million smart meters for British Gas’ company-wide smart meter rollout.
Britain’s nationwide smart meter rollout, covering both electric and gas metering, is scheduled to start in late 2015, with completion to all homes and businesses by 2020. The rollout includes an in-home display showing customers how much gas and electricity is being used and the cost in pounds and pence.
British Gas has been a leader in the introduction of smart meters to customers in Britain with more than 1 million smart meters installed so far.
“Our £600 million 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,” commented Chris Weston, managing director of British Gas.
British Gas has already announced more than 1,000 roles for smart energy experts who will install smart meters and provide energy efficiency advice to households. This new announcement paves the way for the recruitment of 500 smart energy experts in 2014.
Further, to meet the requirements of the contract, as well as those of other local customers, Landis+Gyr says it expects to double its 600-strong U.K. workforce and extend its manufacturing facilities.
“This is the largest deal of its kind worldwide and sets a new industry standard for working in partnership,” commented Andreas Umbach, CEO of Landis+Gyr. “It allows us to achieve significant economies of scale in meter production, to expand our U.K. operations and to further establish the U.K. as a global center of smart energy excellence. This is great news for the industry and for our employees.”
British Gas has been working with Landis+Gyr for 3 years, describing its smart meter solution as “the world’s most advanced smart meter.” Other technology providers involved in its development include Trilliant and GEO, with Trilliant also developing a smart prepay capability.
In a report last year British Gas and Oxford Economics estimated that Britain’s smart meter rollout could provide net benefits of nearly £14 billion, with a saving of approximately 5 percent on the average household energy bill.