Integrated metering services company, Smart Metering Systems (SMS), has signed a meter rental agreement with Octopus Energy to supply a minimum of 200,000 new SMETS2 meters.

Glasgow-based SMS installs, owns, operates and maintains UK metering assets. Its deal with Octopus Energy forms part of a UK Government programme, 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.

Interoperability

SMETS 2 meters are the next generation of smart meters and will deliver a wide range of improvements, including: interoperability – these devices enable seamless switching between energy suppliers by connecting with the Data Communications Company (DCC); maintain and extend the highest standard of security for householder data and will facilitate the connection of all types of home renewable and microgeneration technology onto the grid, supporting a cleaner, greener UK.

SMS CEO Alan Foy said: “We’re delighted to be working with Octopus Energy, a supplier of 100% green electricity. Octopus Energy is backed by the Octopus Group, which is a large investor in renewable generation internationally and the United Kingdom’s largest investor in solar power.

“SMS, like Octopus Energy, are committed to leading the smart energy revolution and SMS looks forward to bringing the benefits of smart meters to Octopus Energy’s customers.”

Octopus Energy CFO Stuart Jackson said: “The size of this partnership is a result of Octopus Energy’s tremendous growth and ambition. Our success is driven by our unique technology and commitment to customer service, as demonstrated by Octopus being the only energy supplier recommended by Which?”