Telvent GIT S.A., a global real-time IT company, has signed a contract with the Swedish electricity utility Vattenfall AB for the supply and management of an automatic metering reading system for residential customers. The project consists of the development and installation of 300,000 residential meters in the homes of Vattenfall customers living in the central, northern and western regions of Sweden. The project will begin in the first quarter of 2006 and allows for a potential increase of up to 700,000 meters.

Telvent will also provide complementary metering and data management services, with an integral service for the management and operation of the system that will allow Vattenfall to comply with Swedish legal regulations and improve customer service quality. The contract includes management of metering information, reporting, and maintenance and support of all devices included in the project. All this real-time information is critical for the billing process of an electricity utility.

The Telvent Metering System (TMS) is based on Echelon Corporation’s network energy services (NES) technology, which enables a comprehensive range of utility applications. Telvent technology brings benefits to every aspect of a utility’s operation, from automatic metering and customer services to distribution operations and value-added business. This solution opens a new range of possibilities for utilities in managing electricity demand at the customer side.