In the UK, wholesale electricity trading company Elexon has contracted IT solutions company CGI to provide cloud data solutions for smart meter readings ahead of the UK's national rollout.
Elexon has recruited CGI to ensure that its settlement processes can move from an estimated model to one based on actual, near real-time consumption data.
In a press statement, CGI said it will fulfil the three-year contract requirements by migrating data to its cloud including more than 5,700 wholesale electricity trades and 1.25 million meter readings handled by Elexon on a daily basis.
The IT solutions provider set to maintain settlement of over GBP1.4 billion of customer funds annually has been providing Elexon business process and IT outsourcing services since 1990.
The contract including a two-year extension option is one of Elexon’s measures to upgrade its IT infrastructure to fit a new European regulatory framework where wholesale electricity settlement is applied to 15-minute intervals rather than the current 30-minute.
CGI in UK's smart metering initiatives
The development follows a recent announcement by CGI that it has been contracted to build and manage the central market infrastructure for the UK water sector by Market Operator Services.
The Market Operator Services was tasked by the government to facilitate the introduction of competition to the UK water market, Metering & Smart Energy International has learnt.
CGI says it is also the IT partner for the Data Communications Company, the body supporting the UK wide introduction of smart meters by linking them to the IT systems of the UK’s energy companies.
UK's smart metering tech
In other UK's smart metering news, global machine-to-machine company Telit Communications in October engaged in a GBP142 million contract as one of the technology providers for the GB Smart Metering Implementation Programme.
Run by the UK's Department of Energy & Climate Change (DECC), the programme aims to connect 53 million smart gas and electricity meters in UK homes and small businesses by 2020.
According to a company statement, Telit will supply the GBP11.3 billion project with cellular technology to enable a reliable ZigBee data communication system between smart meters and either radio frequency or cellular networks.
Telit's cellular modules will power a portion of the nearly 30 million UE910 UMTS/HSPA communication hubs to be utilized in the meter data communication line from Q4 of 2016 through to 2021, reported Metering and Smart Energy International.
Oozi Cats, Telit’s chief executive, said: "The system will monitor consumption and provide information to help consumers and businesses use energy more efficiently."
The system will allow meter data to be processed and managed by a single central hub - the Data and Communications Centre.
Establishment of the central hub alone is expected to cost £5 billion (US$7.74 billion).