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> Capita, Arqiva, Telefonica, and CGI to recieve ...
Capita, Arqiva, Telefonica, and CGI to recieve £2.4bn in Smart meter roll out
15 Aug 2013
Capita, Arqiva, Telefonica, and CGI are in line to receive a total of £2.4bn to roll out 53 million smart meters to every household and business in Britain after the announcement by the Department of Energy and Climate Change (DECC).
Capita has been named as the preferred bidder for the Data and Communications Company contract, worth an estimated £175m over 12 years, which will give it responsibility for creating a secure two-way communications system between smart meters and a central communications hub.
Capita’s chief executive, Paul Pindar, said: “Smart metering will be the biggest step change in the retail energy sector since the industry was privatised, more than 25 years ago. It will provide clear benefits for consumers, allowing them to better manage energy consumption and therefore cost.
CGI, previously known as Logica, is the preferred bidder for the eight-year, £75m data service provider licence, which will manage the transactional data flowing between smart meters and utilities.
Contracts for the central and southern regions, worth an estimated £1.5bn over 15 years, will likely go to Telefonica while the contract for the northern region, worth an estimated £625m over 15 years, is expected to go to Arqiva.
John Cresswell, CEO of Arqiva, said: "The choice of Arqiva as the preferred bidder to provide the smart metering communications service in the north reflects the proven technical superiority of our solution. We are pleased to be working with the both the industry and government to create a new smart network to meet the needs of today's consumers in the north."
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