Smart Metering Systems Wins New Contract From Shell
18 Oktober 2018 - 4:51PM
Dow Jones News
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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