Timo Karttinen,
Senior Vice
President for
Corporate
Development,
Fortum
 
Espoo, Finland --- (METERING.COM) --- August 31, 2009 - Finland’s largest utility Fortum has selected a smart metering system based on two-way communication in Finland as part of the company’s efforts to further improve services to customers.

Altogether 550,000 households and small business customers in Fortum’s network areas will be connected to the system by the end of 2013. Installment of the new meters will begin in 2010. The total value of the investment, including the procurement of the smart meters, installing, operating and developing the system as well as related services is approximately €170 million over a period of nine years.

As part of the investment, Fortum has chosen Telvent to deliver, install and operate the system, which comprises Echelon's Networked Energy Services (NES) system integrated with Telvent's Smart Metering Titanium. Eltel Networks will be responsible for the meter installations. Fortum and Telvent's contract also includes several options for future development and upgrading.

“With the new smart meters invoicing will be based on real electricity consumption,” says Timo Karttinen, Fortum’s senior vice president for corporate development. “Better knowledge in turn improves energy efficiency and makes it easier to operate and manage network capacity when actual customer electricity consumption is known. In addition, the smart meters will be used as a platform for future services within electricity solutions.”

Finnish legislation requires hourly meter reading by the end of 2013. The smart metering system provided to Fortum’s customers includes a variety of features meeting and exceeding legal requirements such as automated consumption reporting via internet, possibility to access real-time meter readings and connection to future smart home systems via a local wireless interface in the meter.

This project is the largest advanced metering deployment in Finland to date, where there are approximately 3.1 million electricity customers.