Vaasa 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 65,000 smart meters, reliable IoT network communication and a 10-year managed service agreement.

Metering services will be upgraded to meet future needs by replacing the entire metering fleet in use 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 telecomumincation solution will migrate to reliable and cost-effective mobile IoT technologies (NB-IoT and LTE M1).

Juha Rintamäki, Managing Director of Vaasa Electricity Network Ltd, said: "The cooperation has been smooth, 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. The system will also provide up-to-date information on the status of the electricity network down to the individual connection level, which will improve the customer experience and make fault management more efficient.”

Finland was one of the first countries to introduce smart metering on a large scale. Under the new regulation, installed devices must act not only as electricity meters, but also as smart endpoints capable of managing advanced power quality measurements and automated controls at the edge of the grid.

"The current energy situation shows that energy utilities need fast, reliable and secure data transmission and access," said Tommi Österberg, Sales Director at Landis+Gyr Finland. "The ability to monitor and process data on and at the edge of the grid will contribute to better load balancing, power quality and reliability. We look forward to expanding our long-standing relationship with Vaasan Sähköverkko Oy and supporting their technology upgrades with the latest tools and services."