Madrid, Spain --- (METERING.COM) --- July 21, 2010 - Following the connection by Endesa of its first smart meters in Málaga a month ago, the power company now has 5,000 devices installed at customers’ homes there as well as in two other cities, Seville and Barcelona.

Starting this month, the smart meter remote management system will be integrated with the company’s commercial and technical systems, which, combined with the installation of the new meters, will obtain the functions and benefits offered by remote control.

Thanks to this plan, Endesa is three years ahead of the deadline for compliance with pertinent European and Spanish legislation regarding the rollout of the remote management system and is at the technology forefront of the future smart grids, the company said in a statement.

The installation of the smart meters marks the start by Endesa of the large scale replacement of old meters in customers’ homes. The company’s remote management plan envisages the installation of the new smart meters in the homes of the company’s 13 million domestic customers in Spain with contracted capacity up to 15 kW by the end of 2015.

The project entails an investment of over €1.6 billion and is expected to create around 2,000 direct jobs.

Cities that already have the first smart meters will be followed by Badajoz, Zaragoza, Palma de Mallorca, Las Palmas de Gran Canaria and Tenerife, among others. By the end of 2010, there should be 150,000 smart meters in operation.

Production of the first 3.5 million meters and the domestic installation operations are in the final phase of the tendering process. So far, bids by over 160 companies have been received, entailing 6 million operations on measuring devices in customers’ homes per year.

With the installation of the smart meters Endesa is also taking the first step towards the creation of smart grids, with the Málaga SmartCity project. Spearheaded by Endesa, the project in this community of 300 industrial, 900 service and 11,000 domestic customers is involving a group of 11 companies to develop a new energy management model for cities to achieve greater energy efficiency, lower CO2 emissions and increased consumption of renewable energy.

Endesa started working on its smart meter project in 2002, and in 2007 and 2008 undertook the first pilots involving 12,000 customers in Andalusia and Catalonia. Drawing on the experience and know-how of Enel, the company has developed a new generation of meters based on the latest available technology.

In other news Endesa has entered into an agreement with Peugeot to develop electric mobility, with Endesa responsible for deploying charging infrastructure. Peugeot expects to launch its iOn EV in Europe at the end of 2010.