Capita preferred for smart meter communication ...
14 August 2013
Capita preferred applicant for smart meter communication licence
Capita plc today announces that it has been selected, subject to final
approvals, by the Department of Energy and Climate Change (DECC) as successful
applicant for the smart meter communication licence. The licence would become
effective from September 2013 and the arrangement is expected to generate
revenues to Capita of some £175m over 12 years (with an option to be extended
for a further 6 years).
If appointed Capita would be responsible for the effective overall management,
implementation and evolution of the national smart metering infrastructure.
Capita will work alongside energy suppliers who will install new smart gas and
electricity meters in 30 million British homes and, subject to contract, with a
number of other providers, to implement and run the data and communications
infrastructure and service.
Capita plc 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. It will make it easier to switch suppliers, benefiting the most
competitive energy companies and will support the Government's drive to reduce
the UK's over reliance on expensive, imported and dwindling supplies of fossil
fuel. Managing the national rollout programme is a huge logistical and
technical challenge but Capita's scale and pedigree in achieving large
transformation projects will help to ensure that this programme meets its
milestones in a cost efficient manner."
-ends-
For further information:
Capita plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive Officer
Shona Nichols, Corporate Communications Director
Media enquiries only:
Capita press office
Caroline Mooney
Tel: 020 7654 2152 or 020 7654 2399 (out of hours)
Email: caroline.mooney@capita.co.uk
Notes to editors
Capita plc is the UK's leading provider of business process management and
integrated professional support solutions. With 52,500 people at more than 350
sites, including 70 business centres across the UK, Europe, India and South
Africa, the Group uses its expertise, infrastructure and scale benefits to
transform its clients' services, driving down costs and adding value. Capita is
quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE
100 with 2012 revenue of £3.4 billion and underlying profit before tax of £426
million. Further information on Capita plc can be found at: www.capita.co.uk
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.