UK homes to get smart meters in £ 1bn roll-out
A generic smart home remote control. Image: Thinkstock.
More than seven million smart meters installed in homes Will Be Across the UK under a new £ 1 billion roll-out program.
The scheme is backed by six Including Commercial banks Barclays, HSBC and Santander. The European Investment Bank (EIB) Will Provide £ 360 million.
It Will Be managed by Calvin Capital, an owner of gas and electricity meters.
The AIMS program to supporting the UK Government's Plans to Ensure more than 53 million smart electricity and gas meters are installed in every small homes and businesses by 2020. The mass roll-out Will begin in 2016.
Earlier this year a delay in the roll-out Was annoncé the company in after-load of the communications system as ict revised plan "significant exchange finalising Emerged in the technical requirements and specifications."
European Commission Vice President Jyrki Katainen, said: "Smart meters Improve customer awareness of how much Spending They Are on Their energy bills so They Can make decisions on Their Informed energy use."
"This program Provides benchmark for similar schemes smart meter across Europe in the future," added Jonathan Taylor, EIB Vice President.
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