UK to announce preferred bidders for $18bn smart meter project

The UK’s Department of Energy and Climate Change is to announce their list of preferred bidders for installation of the country’s smart metering programme on Wednesday.

The programme entails installation of smart meters showing how much gas and electricity is being used into the country's 30 million homes between 2015 and 2020, and amongst the most lucrative contracts to be distributed among blue chip technology giants are for the roles of Data Services Provider (DSP) and Communications Services Provider (CSP).

DECC
Hewlett-Packard, O2, and IBM are just some of those companies in the running.

The DSP contract will require the preferred bidder to handle all the data generated by the project while the CSP contract involves installing and running the communications technology that will form the backbone of the grid.

The government hopes that, despite the huge investment costs, the smart grid scheme will bring a "net benefit" of $10.3bn.

The winners are not expected to be announced until September.

For more Smart Grid news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...