May 9, 2011updated 12 Apr 2017 4:14pm

Macquarie inks meter funding deal with British Gas

Macquaries corporate and asset finance group has secured a contract with British Gas to finance the purchase and installation of smart and traditional residential gas and electricity meters on a national basis in the UK

By Nick Huber

Macquarie’s corporate and asset finance group has secured a contract with British Gas to finance the purchase and installation of smart and traditional residential gas and electricity meters on a national basis in the UK.

The contract replaces part of British Gas’s existing meter funding programme and significantly expands Macquarie’s relationship with the UK’s largest energy supplier.

Macquarie, through its subsidiary Capital Meters, has been a long-term funder of British Gas in the deregulated metering market in the UK since 2003.

John Wilson, executive director at Macquarie Group, said: “Securing our position as a primary funder for this programme demonstrates Macquarie’s ongoing commitment to provide innovative energy and meter funding solutions for UK energy companies.”