Oulun Energia Sähköverkko Oy has decided to continue its long-term metering service cooperation with Landis+Gyr Oy (SIX: LAND). The contract includes the supply and installation of 130,000 smart meters, reliable IoT technology and a 10-year service agreement.

Measurement services will be upgraded to meet future needs by replacing the entire existing metering fleet in the coming years with new efficient and intelligent meters (E360, E360 CT, E660). The selected metering equipment and services will meet all the requirements of the new metering regulation, including a 15-minute or shorter metering period, extensive power quality monitoring capabilities and interfaces with home automation. The telecoms solution will migrate to reliable and cost-effective mobile IoT technologies (NB-IoT and LTE M1).

"The cooperation has worked well and it is therefore natural to continue and expand it. The new comprehensive service will enable us to meet current and future metering needs for both electricity consumption and small-scale generation,” says Anna Pasma, Managing Director of Oulun Energia Sähköverkko Oy. ”The system will also provide better information on the state of the electricity network, which will further improve the customer experience, as we will be able to react faster to faults.”

Finland was one of the first countries to introduce smart metering on a large scale. According to the new metering regulation, installed metering equipment must not only act as electricity meters, but also as smart terminals capable of managing advanced power quality measurements and automated controls in the electricity network.

”Electricity grid companies need fast, reliable and secure data transfer of metering data,” says Tommi Österberg, Sales Director, Finland, Landis+Gyr. "We look forward to expanding our long-standing relationship with Oulun Energia Sähköverkko Oy and supporting their technology upgrades with the latest tools and services.".