CPI.L

Capita Plc
Capita Plc - Capita extends smart meter licence contract
23rd September 2024, 11:28
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
23 September 2024

Capita extends smart meter licence contract

Capita plc(Capita) has secured a two-year extension to itsData Communications
Company (DCC)Licence to manage the delivery of the UK's smart meter secure
communications platform.

The extension, with a total contract value of up to £135m, will see DCC continue
to operate the secure platform supporting the UK's smart meter roll-out until
September 2027.

Smart DCC Limited, a wholly owned but non-consolidated subsidiary within the
Capita Public Service division, has been licensed by the UK government to build
and manage the central network for smart metering across Britain since 2013.

It is operated by Capita under a licence regulated by Ofgem, and is responsible
for operating the secure platform which is connecting 53 million smart meters to
energy suppliers, distribution network operators and other authorised third
parties, such as software as a service (SaaS) providers.

Richard Holroyd, CEO, Capita Public Service, said: "We are exceptionally proud
of the central role Capita plays in enabling the technological transformation of
the UK's energy system.

"We will continue to leverage deep technical expertise and regulatory knowledge
to deliver smooth migration to smart meters, helping UK consumers to become more
energy aware as well as helping them manage their costs."

Notes to editors:

The total IFRS 15 transaction price (order book) for the two-year extension is
£22m.

Investor enquiries

Helen Parris, Director of Investor Relations
Tel: 07720 169 269
Email: IRteam@capita.co.uk

Stephanie Little, Deputy Head of Investor Relations
Tel: 07541 622 838
Email: IRteam@capita.co.uk

Media enquiries
Capita external communications
Tel: 02076 542399
Email: media@capita.co.uk

About Capita

Capita is a modern outsourcer, helping clients across the public and private
sectors run complex business processes more efficiently, creating better
consumer experiences. Operating across 8 countries, Capita's 41,000 colleagues
support primarily UK and European clients with people-based services underpinned
by market-leading technology. We play an integral role in society - our work
matters to the lives of the millions of people who rely on us every day.

This information was brought to you by Cision http://news.cision.com

TwitterFacebookLinkedIn