Capita plc: Capita preferred for smart meter communication licence
Capita plc: Capita preferred for smart meter communication licence 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."
For further information:
Tel: 020 7799 1525
Paul Pindar, Chief Executive Officer
Shona Nichols, Corporate Communications Director
Media enquiries only:
Capita press office
Tel: 020 7654 2152 or 020 7654 2399 (out of hours)
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
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