Wellington, New Zealand --- (METERING.COM) --- March 31, 2008 – New Zealand utility Genesis Energy says it plans to install smart meters to 600,000 customers over the next few years, following the example set by other energy companies in the country

Genesis is the largest electric and gas supplier in New Zealand, and will use the smart meters to offer its customers a range of tariffs, including weekday, weekends and off-peak rates. The utility says it will obtain the meters from a consortium of suppliers, and that contracts will be signed shortly. The meters will all be leased from a third party, rather than being purchased outright.

Genesis’ announcement follows expressions of interest in smart meters by several utilities in the country. Meridian Energy has already begun deployment, while Mercury Energy has reported a successful pilot program at 5,000 homes and plans to roll out the meters to its 340,000 customers shortly. Contact Energy says its 500,000 customers will receive their meters within five years.