Market

• SMA operates as a meter asset provider, supporting UK energy suppliers to comply with their obligations to provide smart meters to all households and small businesses across the country by June 2025
• Energy suppliers have installed 22.4m smart meters in domestic and commercial premises in the UK as at December 2020, covering c. 43% of the total market and thus leaving considerable scope for growth in the smart metering sector
• Smart meters are a key enabler of the UK’s Net Zero 2050 ambitions and are backed by wide support from both government and industry players

Asset

• SMA leases smart meters under a contractual framework providing long-term visibility on revenues and costs
• The company holds a large and diversified portfolio of contracts with energy suppliers for the long-term rental of smart meters at pre-agreed terms
• The company has an established track record in the sector, funding smart meters for key customers from 2016 and building one of the largest portfolios in the market in less than four years