NIB finances new electricity metering system in southeast Finland


Henrik Normann,
President & CEO,
Helsinki, Finland — (METERING.COM) — May 15, 2012 – Finland’s Kymenlaakson Sähköverkko Oy has signed a 10-year-maturity loan totalling €15 million with the Nordic Investment Bank (NIB) for the implementation of a remote reading system of electricity metering in southeast Finland.

The aim of the project is to improve customers’ means to control and optimize electricity usage and forms part of Kymenlaakson Sähköverkko Oy’s efforts to further develop customer service. Approximately 100,000 consumption sites will be included in the remote reading system by the finalization of the project in 2013.

“Changing to a more consumer friendly metering system that enhances the customers’ understanding of their electricity consumption tends to lead to a decrease in the consumption,” said Henrik Normann, president and CEO of the NIB. “In addition to this, more in-depth information on the consumption patterns helps the provider to design services that motivate a shift from peak load periods to hours of lower aggregate demand.”

Kymenlaakson Sähköverkko is a subsidiary of Kymenlaakson Sähkö Oy operating in Kymenlaakso, South Karelia, Päijät-Häme and Uusimaa.