Control of Britain’s 39m smart meters passes to non-profit startup

Control over Britain's 39 million smart meters has passed to a non-profit startup. This marks the end of a 13-year license for Smart DCC, which has faced issues with spiralling costs and delays. The handover is significant for markets as it may affect the energy sector, potentially influencing energy prices and consumption patterns. The transition could also impact the fortunes of companies involved in the smart meter industry, such as those providing data services or energy management solutions.

Why it matters

The handover of control over Britain's smart meters to a non-profit startup marks the end of a 13-year license for Smart DCC. This change may lead to more efficient management of smart meters, but its impact on the market is still uncertain.

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