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Tepco Aims to Install Smart Meters 3 Years Earlier Than Planned

Oct. 28 (Bloomberg) -- Tokyo Electric Power Co., Japan’s largest power utility, plans to install smart meters for all customers in its service area three years earlier than planned.

The Tokyo-based company intends to install about 27 million smart meters for customers, mainly for residential use, it said in a statement today. Installations will begin in the first half of fiscal 2014 and will be completed by March 2021.

Services using smart meters will be rolled out in July 2015 to enable remote metering and to provide users with detailed data on power use, according to the statement.

Tepco plans an auction next month to pick suppliers of about 1.14 million smart meters for fiscal 2014, it said on its website.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Jason Rogers at jrogers73@bloomberg.net

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