10 Feb '12, 6pm

Japan’s Tepco to Install 17 Million Smart Meters: Tokyo Electric Power Company recently announced it will hold...

Japan’s Tepco to Install 17 Million Smart Meters: Tokyo Electric Power Company recently announced it will hold...

Tokyo Electric Power Company recently announced it will hold bids for about 17 million smart meters by 2019 , according to Reuters via the Nikkei newspaper. As part of a corporate restructuring -- and essential nationalization -- in the wake of the nuclear crisis that began last March after the earthquake and tsunami, the Japanese utility is being ordered by the government to invite bids from both Japanese and foreign firms for the meters. The metering is part of a plan to trim about 103 billion yen ($1.3 billion) in costs over the next 10 years . The plan also includes offering voluntary retirement packages to aging workers and selling assets. But the meters are expected to cut down on manual meter readings, offer customers more detailed information about their energy consumption and improve efficiency. News of the metering plan, which has been percolating since late 2011...

Full article: http://www.greentechmedia.com/articles/read/Japans-Tepco-...

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