The contract and the ensuing roll-out of smart meters for the MV Group comes on the heels of the Danish Energy Agency’s announcement of its progressive Smart Grid Strategy, published in April 2013 that intends to establish a smart grid intelligent and promote a greener electricity future. All electricity meters must be remotely read by the end of 2020, which will enable consumers to track their consumption hour by hour.
MV Group spokesman Per Nielsen said the company is eager to offer consumers the most modern technology on the market so they can follow their energy usage in detail and decrease it accordingly. “There is no doubt that our new smart metering system will give all companies a lower total cost per year, and we expect a payback time of just 7-10 years.”
Kamstrup chief executive officer Per Asmussen, said, “We are very pleased with the agreement with MV Group. The announcement was expected in the whole industry and will mean that all the investment plans that were already made by energy supply companies in Denmark can finally start and be carried out.”
Under terms of the agreement, Kamstrup will deliver its OMNIA Smart Grid suite that includes electricity, heat and water meters. With all the meters connected to the same system, the devices will give utilities and overall view of consumption.