Calvin Capital works in partnership with its customers to support the procurement and installation of smart metering sets which includes the gas meter, electricity meter, gas regulator, In Home Display (IHD) and any required ancillary equipment.
The majority of meters in Great Britain are currently of traditional functionality in terms of their ability to provide live, accurate energy consumption information to customers. In order to comply with EU legislation to encourage consumers to reduce energy consumption, the Government has mandated that energy suppliers exchange all such traditional meters in domestic and small business premises with smart meters by 2020 which equates to approximately 51 million domestic electricity and gas meters.
This large-scale replacement project has an associated capital investment of around £11 billion and more than ever before energy suppliers will need the very best professional support. Calvin Capital has the experience and solutions to provide this and to June 2019 owns approximately 4.7 million smart meters (giving a total portfolio including traditional meters of 7.6 million meters). We also have well-established relationships with key stakeholders in the metering market and continue to leverage these to deliver competitive solutions and professional smart metering services on behalf of our clients.
Calvin Capital also incorporates a comprehensive package of smart metering services, whereby we take ownership and effective management of the risks associated with asset tracking, churn and procurement.
This ensures that our customers are provided with the assets and asset information they require to properly service their customers’ needs.