23 September 2024
Capita
extends smart meter licence contract
Capita
plc (Capita)
has secured a two-year extension to its Data
Communications Company (DCC) Licence
to manage the delivery of the UK’s smart meter secure
communications platform.
The
extension, with a total contract value of up to £135m, will see DCC
continue to operate the secure platform supporting the UK’s smart
meter roll-out until September
2027.
Smart DCC
Limited, a wholly owned but non-consolidated subsidiary within the
Capita Public Service division, has been licensed by the UK
government to build and manage the central network for smart
metering across Britain since
2013.
It is
operated by Capita under a licence regulated by Ofgem, and is
responsible for operating the secure platform which is connecting
53 million smart meters to energy suppliers, distribution network
operators and other authorised third parties, such as software as a
service (SaaS) providers.
Richard Holroyd, CEO, Capita Public Service, said: “We are
exceptionally proud of the central role Capita plays in enabling
the technological transformation of the UK’s energy
system.
“We will
continue to leverage deep technical expertise and regulatory
knowledge to deliver smooth migration to smart meters, helping UK
consumers to become more energy aware as well as helping them
manage their costs.”
Notes
to editors:
The total
IFRS 15 transaction price (order book) for the two-year extension
is £22m.
Investor
enquiries
Helen Parris, Director of Investor Relations
Tel: 07720
169 269
Email:
IRteam@capita.co.uk
Stephanie Little, Deputy Head of Investor
Relations
Tel: 07541
622 838
Email:
IRteam@capita.co.uk
Media
enquiries
Capita
external communications
Tel: 02076
542399
Email:
media@capita.co.uk
About
Capita
Capita is
a modern outsourcer, helping clients across the public and private
sectors run complex business processes more efficiently, creating
better consumer experiences. Operating across 8 countries, Capita’s
41,000 colleagues support primarily UK and European clients with
people-based services underpinned by market-leading technology. We
play an integral role in society - our work matters to the lives of
the millions of people who rely on us every day.