Energy

Backing the adoption of smart meters

The largest independent1 smart meter owner in the UK.

Sector Energy
Sub-sector Renewables
Location United Kingdom

Opportunity

As part of a plan to upgrade energy supply and improve efficiency, the UK Government has mandated the adoption of smart meters to reduce carbon emissions.


Approach

Since being awarded its first gas and electric meter installation contract in 2003, Macquarie has become the largest independent1 smart meter owner in the UK, helping consumers to better control their energy use and what it costs them.

Outcome

Largest independent1

smart meter owner in the UK

~20%

of the UK smart meter market

~6 million homes

Installed smart meters in ~6 million UK homes and commercial premises by 2021

9 million

Contracts to own and deploy 9 million residential smart gas and electricity meters in UK to 2021

1. Not part of a distribution network or a vertically integrated utility

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