EIB finances rollout of smart meters in Flanders by Fluvius

The European Investment Bank has agreed a lending facility to Belgian network operator Fluvius for the rollout of smart metering systems in Flanders. A first tranche of €200 million has now been signed. 

Fluvius will use the facility to rollout smart meters for Flemish families and companies in 300 cities and municipalities, as well as for connecting new users to the network. The new meters allow for remote readings, and make it possible to provide near real-time consumption information to consumers. This will increase consumer awareness of their energy consumption and thus spur energy efficiency. The smart meters also make the grid more flexible, which is essential considering the increasing decentralised production of renewable energy.