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Fortum has completed a smart meter installation project in Finland. The Finnish energy company reports that a total of 610,000 smart meters were installed over the course of three years in its distribution areas.

Fortum says a new meter management system supplied by Schneider Electric was deployed. Eltel Networks was responsible for meter installations.

"Our studies show that Finnish consumers are increasingly interested in their own electricity consumption, and consumer interest in electricity consumption will increase when shifting to the hourly measurement of electricity consumption and real-time billing," says Timo Karttinen, Fortum's executive vice president of electricity solutions and distribution. "Our Finnish customers can look up their electricity consumption online through the Fortum Valpas service, where consumption can be monitored on an hourly basis."

Finnish legislation requires hourly based meter reading by the end of this year, the company notes.

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