BT has confirmed a partnership with Arqiva and Detica to develop a new smart metering system that could help individuals access cheap energy bills in the future.
Under the SmartReach brand, the companies are to work together on the development and implementation of an end-to-end solution designed to help consumers achieve cheaper energy bills through clearer meters.
Olivia Garfield, group strategy director at BT said: "SmartReach believes that the programme to deliver smart meters to domestic and non-domestic consumers in Great Britain can be simultaneously accelerated and de-risked while delivering substantial financial and carbon benefits."
Managing director of the government, mobile and enterprise business at Arqiva, Steve Holebrook, added that the network is designed to offer a low-cost solution for all homes and to provide at least a 15-year lifespan.
Other companies are also investing in developing smart meter technologies, designed to provide more information to consumers regarding their domestic energy use.
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