BC Hydro to roll out 2 million Itron meters
BC Hydro plans to buy about two million new electricity meters from Itron over the next two years as part of its Smart Metering Program.
According to the utility, the program will keep electricity rates lower than they would have otherwise been in British Columbia. It is expected to generate savings of about $70 million in the first three years of implementation, with a net benefit to customers of over $500 million in the long term.
Itron will provide BC Hydro with its OpenWay smart meters, run over a multi-application communication network powered by Cisco. The associated system software and meter data management system are included in the agreement, which is worth approximately $270 million.
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