SP Group in bottom half of first Smart Grid Index report

SP Group, in the index it launched on Monday for measuring and advancing smart grid, ranked in the bottom half of the pack of 45 utilities across 30 countries.

A smart grid is an electricity supply network that uses digital technology to detect and react to local changes in usage. It also allows for deployment and integration of electricity drawn from non-traditional sources such as the photovoltaic cells installed on the rooftops of private residences.

The SGI developed by SP Group is touted as the first such index in the world. In the first published SGI report, the utility group scored 50 out of a possible 100, putting it on par with regional peers like HK Electric, China's State Grid Beijing and State Grid Shanghai. The top three utilities were US-based PG&E and SDGE with respective scores of 86 and 82, and UKPN on a score of 79.