Our Offer

Unlike the traditional MAPs where finance comes from banks, our innovative funding approach allows us to secure you the lowest possible MAP costs and in turn improve your Smart Investment case with no increase in your risk profile. We have a market leading offer that can provide a better and more cost effective map solution that will benefit you and your end customers.

Competitive Cost
Of Capital

Foresight Metering regularly reviews our prices, adjusting them according to the market.

This customer-focused approach enables Foresight Metering to remain competitive with the cost of MAP charges allowing Energy Retailers to pass these annual savings directly to their customers.

We can also provide Energy Retailer with a highly competitive upfront payment to help with non-asset costs.

Built In
Flexibility

Foresight Metering offers no minimum volume commitments giving Energy Retailers the flexibility to rollout smart meters at a pace that is in the best interest of Energy Retailers and customers alike.

We also deliver service flexibility by providing a core solution that we can flex with optional services based on your specific needs.

We can be flexible when providing funding for assets by contributing to the cost of a roll out programme. This cost contribution will be limited to an agreed amount.

Trusted in
the Market

This is one of Foresight Metering’s core values, which we demonstrate through;

  • Market benchmarking throughout the lifetime of the deal, giving you the confidence that you’re always getting a market leading deal.
  • An invitation to view our capability through an ‘Open house’ approach and where, by arrangement you can visit our outsourced administration provider, Utility Funding in Salisbury.
  • Our commitment and willingness to partner with our customers; building trust and establishing long-lasting relationships.
All with no increase to your risk profile
Core Services Description
Funding Provision We have many years of experience raising funding and have substantial facilities available for meter roll-out programmes. We have access to both ban and institutional funding and are able to support roll-out programmes of any size with built in flexibility.
Asset Tracking and Churn Management Tracking and invoicing of assets throughout their lifecycle, using a highly automated meter management system which utilises industry data flows and reporting to manage meter portfolios.
Asset Warranty Management Management of the warranty process, installers, logistics providers and through to asset manufacturers. Monitoring the progress through our asset tracking system.
Asset Disposal & Recycling Disposal of all assets under the Waste Electrical and Electronic Equipment Directive (WEEE).
Asset Sourcing Working in partnership with energy suppliers in the sourcing of meters and ancillary equipment to ensure all parties are comfortable with the assets selected. Foresight Metering have agreements in place with a number of major meter manufacturers and are continuously looking to expend relationships.
Contract Management Managing the relationships and contractual relationships between multiple parties involved with the Smart rollout both pre and post installation of Smart meters, looking at all times where possible to work with a partnership approach.
Device Support Supporting the users and maintainers of devices owned by Foresight Metering. Tracking of industry changes and facilitating support and maintenance where required.

How moving away from the established “MAP duopoly” to Foresight Metering does not increase your risk.

We are committed to working with Energy Retailers to ensure that industry uncertainty and market risk are fairly balanced, for example we:

  • Have worked with manufacturers and the wider smart metering supply chain to share the risk for warranties without adding inflated premiums to our offerings;
  • Have supported Energy Retailers in deciding the right roles between MAPs and Energy Retailers for firmware management and execution.
  • Are proactively engaging industry bodies such as DECC, Energy UK and Ofgem to better understand progress and developments in this changing market.

Less competition in the market prescribes future commercial risk for Energy Retailers. By widening the market, Foresight Metering is driving competition and innovation and reducing future ‘lock-in’ risk;With our providers,  we believe the service provided will exceed today’s expectations, and so are keen to be judged on our performance and the competitive pricing we offer.

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We have a market leading offer that can provide a better and more cost effective map solution that will benefit you and your end customers.
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Work with us today.......
185,000
I&C, AMR and
Domestic
SMETS 1
Meters
under management
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we have
8Years
of proven operation in the advanced and smart metering market
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