REG-Capita Plc: Capita extends smart meter licence contract

CapitaAnnouncement

23/09/2024 12:30

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.



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