As Britain’s largest independent metering asset provider, we’re working alongside energy companies to roll out smart meters across the nation, helping the UK to achieve its carbon reduction target through household energy efficiency.
As a result, smart meters are helping ensure a more co-ordinated and cost-effective energy transition. It is for this reason the government mandated that energy retailer’s roll out smart gas and electricity to all households in Britain.
Meter Asset Providers (MAPs) rent metering equipment to energy suppliers which helps speed up the deployment of smart meters by reducing upfront costs and can sometimes help with installation and maintenance. The meters are then subject to a daily rental charge which allows energy suppliers to spread the costs of deploying meters over 10 – 15 years, proving a flexible and cost-efficient way of deploying smart meters.
As a founding member of this market, Macquarie has provided clients with deep sectoral expertise, helping energy companies of various sizes manage the potential complications and risks of the smart metering programme.
More than a quarter of the 20.5 million smart meters have been installed nationwide.
Senior Managing Director and Head of Macquarie Specialised and Asset Finance