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CGI has extended its relationship with Market Operator Services Ltd (MOSL) with a deal to develop a Smart Meter Read Hub for the business water retail market in England and Wales.
This latest engagement builds on CGI's existing relationship with MOSL, where it has managed the Central Market Operating System (CMOS) since 2015, most recently through an £11.5m contract extension secured in April 2024.
The Smart Meter Read Hub represents a critical infrastructure upgrade for the water market, designed to handle the expected surge in data volumes as water companies roll out smart metering to nearly 800,000 businesses over the next five years. The cloud platform will centralise the currently fragmented data exchange processes between wholesalers and retailers, creating a standardised approach that should reduce market barriers for smaller players while improving overall efficiency.
Defra is targeting a 9% reduction in water consumption by 2038 and smart meters clearly play a role in that. The Hub will need to process over one million meter reads monthly, which represents a substantial increase from current volumes. This reflects both the scale of the smart meter rollout and the shift towards more frequent data collection.
Posted by: Kate Hanaghan at 09:50
Tags:
utilities
water