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Six GB suppliers fined £10.8m for missing smart meter installation targets

Smart Energy International

The six suppliers missed the installation targets for 2022 by a total of almost 1.03 million smart meters. The six suppliers are British Gas, OVO, Bulb, E.ON, Scottish Power and SSE and they will pay the combined total of £10.8 million (US$2.10) Scottish Power – £1.24 million (US$2.10) Scottish Power – £1.24

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Smart water metering growing fast in Europe and North America

Smart Energy International

The number of smart water metering endpoints in North America and Europe is set to more than double by 2028, Berg Insight has reported. over the next five years, while that in Europe is expected to grow at a rate of 16.3%. Europe is the second-largest market for water AMR and AMI solutions. Have you read?

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34.8 million smart meters in Britain

Smart Energy International

million smart electricity and gas meters were installed in British homes and small businesses, amounting to 61% of all meters, reports the UK Department for Energy Security and Net Zero in their quarterly smart meter update. million were smart electricity meters and 14.5 million smart gas meters.

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Smart metering progresses in Europe but 11 countries have barely started

Smart Energy International

Thirteen of the 27 EU countries have now reported completing their smart metering rollouts with penetration greater than 80% but eleven are lagging far behind. Their non-availability is a key barrier to consumers receiving regular and accurate metering data in a timely manner. Have you read?

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326 million smart meters across Europe by 2028 – report

Smart Energy International

The penetration of smart meters across Europe is expected to increase from about 60% in 2023 to 78% in 2028, Berg Insight reports. In the latest Europe smart meter review, Berg Insight reports that at the end of 2023, there were more than 186 million smart electricity meters – an increase of about 4% over 2022.

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Smart electricity meters market to surge to $15.2 billion by 2026

Smart Energy International

(GIA) shows that the global market for smart electricity meters is expected to reach $15.2 The prediction comes courtesy of market research publisher GIA’s latest report, Smart Electricity Meters – Global Market Trajectory & Analytics. billion by 2026. Covid-19 and its market repercussions. CAGR and reach $11.9

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400,000 smart meter rollout set to go ahead in Cyprus

Smart Energy International

Following a tender review, local press has reported that the Cyprus Telecommunications Authority (CyTA) can proceed with the 400,000 smart meter rollout across the island. In February 2024 Cyprus’s Electricity Authority, the state-owned energy company, awarded the tender for the smart meter rollout to CyTA at a cost of €39.9