23rd Mar 2016 09:00
LONDON (Alliance News) - Electricity and gas metering services company Smart Metering Systems PLC on Wednesday said it has signed two new domestic smart meter contracts with Economy Energy Ltd and The Renewable Energy Co Ltd, which trades as Ecotricity.
Under the contract with Economy Energy, a UK-based energy supplier, Smart Metering will install, own and manage around 100,000 domestic smart meters in the UK.
Under the Ecotricity deal, Smart Metering has been named preferred provider of domestic smart meter installation and meter asset financing services covering around 50,000 dual fuel systems over the next 12 months.
No financial details were provided on either deal.
Smart Metering shares were up 2.2% to 402.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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