Smart meter manufacturer Landis+Gyr have been awarded a £600 million contract by British Gas to provide smart meters to the energy giant.

The contract comes as British Gas moves to install smart meters in 16 million homes as energy giants update monitoring infrastructure throughout the UK.

The contract with Landis+Gyr is expected to improve the speed of the smart meter rollout while reducing costs.

The smart meter rollout, which is being pushed by the government, is set to place energy smart meters in all homes and businesses across the UK by 2020.

British Gas has already started to install smart meters, with one million having been already installed in sites across the UK.

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