The initiative is the first phase of an enduring partnership established to improve how Economy Energy’s customers can monitor their energy usage.
The rollout is in response to the government’s requirement for energy companies to offer every household a smart meter by 2020.
National Grid Smart and Economy Energy will install an initial 50,000 meters during 2017, and will aim to extend this through to 2020.
National Grid Smart head of business development Simon Jamieson said: “We are delighted to have developed such a strong relationship with Economy Energy and look forward to supporting their smart meter rollout needs over the coming years. This initial installation of meters is the beginning of what we see as a long-term partnership.”
Economy Energy head of smart program Marc Brook said the partnership demonstrates the domestic energy provider’s commitment to bringing smart meters to its growing customer base.
He added: “Our new partnership with National Grid Smart is a great step forward in our mission to provide our customers with convenient and cost effective access to domestic energy.
“We are committed to delivering the best possible experience to all of our customers and believe the introduction of Smart Meters will help improve transparency and better engagement between energy companies and their customers.”
Economy Energy is a growing independent UK energy supplier that provides approximately 180,000 customers with cost-effective gas and electricity.