Itron has been selected by BC Hydro as the metering system provider to supply two million new electric meters as part of BC Hydro's smart metering program.

Under the $270m contract, Itron will supply the smart meters over the next two years.

Itron will offer its OpenWay smart meters, run over a multi-application communication network powered by Cisco.

The deal includes the associated system software and meter data management system to provide a cost effective, end-to-end solution.

BC Hydro said the program will make BC Hydro’s grid more reliable; increase public and employee safety; provide immediate savings helping to keep rates low and cut down on energy theft.

Itron president and COO Philip Mezey said BC Hydro’s comprehensive program helps to advance the practical evolution of grid modernization in North America.

Itron joins Vancouver-based Corix and Capgemini as suppliers to BC Hydro’s smart metering program.