Iberdrola is set to invest EUR22m in the smart network project. The company said that its first steps in the city have been to renovate 26 transformer centres and commission the first 60 new power meters, which conform to the new specifications set down in Spain’s remote management Royal Decree and will operate as part of the smart network.
Ignacio Galan, chairman of Iberdrola, said: “This is a cutting edge project in Spain entailing a major technological shift in the power distribution business. Castellon is set to become Spain’s – and possibly the world’s – leading city in this field.”
Mr Galan added that mass deployment of smart networks throughout the rest of Spain could see the power industry invest EUR5.5bn and create close to 25,000 highly skilled jobs over the coming eight years.
Castellon’s new smart network will support the remote provision of services, such as meter reading, subscriptions and deletions, and changes to contracted capacity. The upgrade will enable clients to monitor their usage data in real-time and (assuming suitable future regulations) use flexible rates to improve their energy efficiency, Iberdrola said.
