Castellón, Spain --- (METERING.COM) --- March 30, 2012 - Twenty electricity utilities from 16 countries have converged in Castellón to view Iberdola’s smart metering and smart grid deployment.

The visit was carried out together with the collaboration of the PRIME Alliance, which is focused on developing open technology solutions and systems for intelligent networks based on powerline communications.

The smart grids being installed by Iberdrola will provide various remote services such as real time reading of electricity consumption, subscriptions and deletions and changes to contracted capacity.

The company will be able to monitor in real time what happens in the electrical network and detect anomalies such as voltage dips, power balance and power loss. This information will enable a more efficient flow of energy, improving quality of supply, by reducing both the number and duration of incidents.

Iberdrola will also encourage the future participation of electric consumers in the electricity market – provided that appropriate regulation is approved – to enable them to benefit from flexible rates. Consumers will be able to manage their own consumption, contributing to increased energy efficiency and savings, thus reducing their electricity bills and CO2 emissions into the atmosphere.

The 37 visiting electricity utility representatives were from Australia, Austria, Belgium, Bulgaria, Spain, Greece, Holland, Ireland, Israel, Italy, Lebanon, Norway, Poland, Portugal, Czech Republic and Serbia. They inspected several key points of the city’s network, especially secondary substations and metering cabinets.

Iberdrola has also extended the deployment of smart grids to the rest of Spain and this year will work in 20 areas across the Basque Country, the Community of Madrid, Castile-La Mancha, Castile and Leon, Extremadura and the Region of Murcia. This will include the replacement of one million meters and the adaptation of 7,000 secondary substations.