Market

• Horizon operates as a Meter Asset Provider, supporting UK energy suppliers to comply with their obligations to provide smart meters to households and businesses across the country
• Over the next 5 years the market is set to experience significant growth, driven by a UK government-mandated roll-out plan targeting the replacement of c. 36 million traditional meters with the installation of smart meters

Asset

• Horizon leases smart meters under a long term contractual framework providing long-term visibility on revenues and costs
• The company has a large and diversified portfolio of customers with a strong competitive position leasing to the fast growing innovative and independent energy suppliers
• The company has developed a strong network of partnerships with leading meter manufacturers and installation service providers in order to provide their customers a high quality and fully integrated service
• The company has a long track record in the sector having participated in the deployment of smart meters in UK since 2009
• The strong operating capabilities and established relationships of the company also provide scope for exploring development opportunities in adjacent segments of the energy sector