London, U.K. --- (METERING.COM) --- May 12, 2010 - At the end of April British Gas had installed 80,000 smart meters in homes and businesses, the company reported in its latest interim management statement.

The company, which has been installing smart meters for several years, recently announced plans to accelerate the rollout, with a target of 2 million smart meters in customers’ homes by the end of 2012.

As part of these plans British Gas awarded a one million “dual fuel” electricity and gas smart meter contract to Landis+Gyr. Other partners in the project include mobile phone company Vodafone, billing provider SAP, and software and communications firms OSIsoft and Trilliant.

At the same time British Gas also made public its smart meter functional specification, which is aligned with the high level requirements set out by the U.K. Department of Energy and Climate Change (DECC) for the national rollout of smart meters, in order to assist with accelerating the wider rollout of smart metering.

The management statement also stated that British Gas is now the cheapest supplier for both gas and electricity, at average consumption, across Britain. This follows a 7 percent reduction in the standard gas tariff at the start of February, which resulted in the total energy bill for British Gas residential customers being, on average, lower in the first quarter of 2010 than over the same period in 2009, despite average residential gas consumption being 7 percent higher and average residential electricity consumption 2 percent higher due to the colder than normal weather in the first three months of 2010.

The number of joint energy and services households served by British Gas also grew by 50,000 in the first quarter of 2010.