Hammonds cooks up British Gas meter deal

Hammonds has advised one of the world’s largest smart-meter companies in securing a contract ­agreement with British Gas.

British Gas will install around 100 million of Landis+Gyr’s electricity and gas smart-meters, alongside touchscreen home displays, in an effort to cut carbon emissions and reduce consumer energy bills by around £200m.

Hammonds won the mandate to advise Landis+Gyr thanks to its longstanding relationship with the client.

The deal, which British Gas claims will be among the fastest smart-meter deployments in Europe, was led by Manchester-based partner Tom Bridgford, while Eversheds partner Simon Crossley advised British Gas on the deal.

Bridgford said: “This has been an exciting and ­pioneering project to work on. The deal was the first of its kind in the UK, which made it fun to work on, but which also presented a number of technical challenges.

“The pressure was on to get it signed to enable work to start on the roll-out.”

British Gas is the first of the country’s major utilities to undertake a major ­deployment following ­publication of the plans of the Department of Energy and Climate Change for a national roll-out of smart-meters by 2020.

Bridgford is confident that Hammonds’ experience on the deal will lead to ­similar work in the future, adding: “I hope it will lead to some more of this kind of work. It’s quite ­technical but the more of these deals you do, the ­easier it will become.”