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IN BRIEF: Capita extends licence to manage UK smart meter roll-out

ALN

Capita PLC - London-based outsourcing and professional services company - Extends Data Communications Co licence by two years to manage the delivery of the UK’s smart meter secure communications platform. Under the extension with a total contract value of up to £135 million, DCC will continue to operate the platform and the UK’s smart meter roll-out until September 2027. ‘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,’ says Richard Holroyd, chief executive officer of Capita Public Service.

Current stock price: 20.04 pence each, up 2.6% on Monday afternoon in London

12-month change: up 15%

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