By Maryam Cockar

Smart Metering Systems PLC (SMS.LN) said Thursday that it has won a contract from Royal Dutch Shell PLC (RDSA.LN) to install smart meters across the U.K.

The deal, which runs until the end of 2021, will see the company switch, fund and install domestic smart meters on behalf of First Utility Ltd. (FUTLT-YY), which was recently acquired by The Shell Petroleum Company Ltd., a subsidiary of Royal Dutch Shell.

No financial details about the agreement were disclosed.

First Utility's smart-meter-rollout plan is part of the British government's program requiring domestic energy supply companies to provide all of their customers with a smart meter in homes and small businesses across the U.K. by 2020.

At 1409 GMT, Smart Metering shares were up 13 pence, or 2.4%, at 547 pence.

Write to Maryam Cockar at maryam.cockar@dowjones.com

(END) Dow Jones Newswires

October 18, 2018 10:36 ET (14:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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