The digital devices will provide an in-home display showing how much gas and electricity is being used as customers are using it; the cost of energy used; meter readings sent directly to energy suppliers ending estimated bills; and an expected financial savings of approximately five percent annually.
British Gas, which adopted its installation strategy early, has currently deployed more than a million meters to residences and businesses
British Gas managing director Chris Weston says smart meters “herald a new era for energy customers, bringing a transformation in the way they can manage energy use in their homes and businesses. 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.”
Andreas Umbach, Landis+Gyr chief executive officer adds: “We’ve been working with British Gas for the last three years to develop smart meters for its customers. This is the largest deal of its kind worldwide and sets a new industry standard for working in partnership. It allows us to achieve significant economies of scale in meter production, to expand our UK operations and to further establish the UK as a global centre of smart energy excellence. This is great news for the industry and for our employees.”
Landis+Gyr reports it will probably need to double its current UK workforce and extend its manufacturing facilities to accommodate the roll-out.