Smart Metering Systems extends contract with First Utility
Source - SMW
Smart Metering Systems, the metering services company, has signed an agreement with First Utility to supplement its existing contractual arrangements announced in June 2016.
The increased commitment is to provide in excess of 220,000 new meters during 2018 and starts immediately.
SMS will provide domestic smart meters as part of the UK Government programme, overseen by the Department of Business Energy and Industrial Strategy, requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the UK by 2020.
Alan Foy, chief executive officer, said: "Our extended commitment from First Utility is evidence of our strong track record for customer service delivery, asset ownership and management with a major energy supplier's smart meter roll out programme. The arrangements to add these assets into the growing portfolio of SMS owned meter assets shows our strategy continues to deliver for our customers, our shareholders and our employees."
At 8:53am: (LON:SMS) Smart Metering Systems share price was +4.5p at 743.5p