[Quote] Under the agreement, SMS will provide first utility with domestic smart meters under the UK smart meter rollout programme, which is overseen by the Department of Energy and Climate Change (DECC). [Amey and Smart Metering Systems sign deals for UK smart meter rollout]
First Utility is a supplier of gas and electricity in the United Kingdom, based in Warwick. In October 2013 the company was ranked as the seventh largest supplier in the UK, making it the largest outside the Big 6.
Over the next 18 months, SMS will gain ownership of up to 150,000 domestic dual fuel smart meters.
The meters will reportedly be funded by SMS and supported by its revolving credit facility. The Herald notes that “suppliers with whom SMS has contracted for the domestic smart rollout currently provide services to 1,549,000 homes in the UK market.”
Phil Gripton, First Utility chief operating officer, said: “We are pleased to establish our partnership with SMS as part of our commitment to the Smart metering programme.
“We are confident that working hand in hand with SMS will support First Utility’s ambitions in the next phase of our smart meter rollout.
“SMS bring a wealth of knowledge and experience which we believe will support the successful deployment of this technology into our customers’ homes.”
SMS Total Gas and Power deal
Last year, Smart Metering Systems signed a deal with London-based Total Gas & Power (TGP) to install 5,000 electricity meters and manage meter data in the period up to April this year.
The deal marked a continued partnership between Smart Metering Systems and TGP.
Karole Downton of TGP, said: “Total Gas & Power enjoys a strong relationship with SMS’s Gas Divison and the extension of the relationship to SMS’ Electricity Division was the logical next step.”
Alan Foy, chief executive of SMS, added: “This agreement with TGP is further demonstrates of the success of our electricity division and the positive impact of expanding our service offering across the gas and electricity sectors to provide a fully integrated service in these markets for our customers.”
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