Meridian spends a fortune on new metering system
Meridian Energy has spent $50 million on installing 126,000 homes and businesses with new metering technology, Arc Innovation announced today.
The new meters were mainly installed around Christchurch but included homes and business around the Hawkes Bay. The installation was completed last June but ongoing maintenance and quality upgrades were needed before the project could be finalised.
Arc Innovations chief executive Simon Clarke the new advanced meters were replacing meters that had been in operation for more than 40 years, and at no cost to the consumer.
“Meters used to be read once every two months by a meter reader on foot and the householder got estimated bills. There were massive inefficiencies in that process but now customers are getting billed accurately and avoiding the hassle of a visit from a meter reader,” he said.
The advanced meters (also called smart meters) use wireless communication to deliver energy consumption data from a house to the electricity provider. The information is collected in half-hourly slots.
Arc has already provided more than one million monthly meter reads from its advanced meters. It is the first large-scale deployment of its kind in Australasia.
Arc Innovations plans to install more smart meters around New Zealand in 2010. Details could not be disclosed due to commercial sensitivity.