Yü Energy acquires Bristol Energy Business Customers
Yü Energy have today announced the acquisition of Bristol Energy’s business customer base.
Bristol Energy which is owned by Bristol City Council is a national gas and electricity company supplying c.4000 business meter points. Earlier this year Bristol City Council announced its intention to put Bristol Energy up for sale. An extensive review has been conducted to find the right B2B supplier to continue delivering an excellent business energy service for Bristol Energy customers whilst making a positive difference in the local community. We are pleased to announce that this process has now been successfully completed and Yü Energy will take forward the energy supply for all Bristol Energy business customers, including existing contracts with Bristol City Council, with immediate effect.
Yü Energy, which is part of Yü Group PLC, is a specialist business energy and water supplier operating throughout the UK, supplying over 9000 business meters. Bristol Energy customers will benefit from the unique multi-utility offer covering electricity, gas and water supply as well as solutions including electric vehicle charging stations, the business smart meter roll out and the choice of 100% green electricity plans. Yü’s multi-utility offer and commitment to customer service, is focused on delivering Yütility Simplicity, helping to save businesses time and money.
Bristol Energy has established relationships with a focused and resilient business customer base in Bristol and the South West, the majority of which are essential sites that have continued to operate during the Covid-19 lockdown period. Bristol Energy has had a long-term focus on making a positive difference to the communities it operates in and supporting customers to power their business with greener energy. This will complement Yü Group’s drive to support businesses in their energy transition and prove beneficial in the deployment of lower carbon technologies.
Yü Energy’s Pure Green Energy plan provides businesses with the choice of 100% clean, green energy, traceable to source from Carno 2 wind farm in Wales, providing greater transparency and reassurance for customers looking to reduce their carbon impact. Yü Energy will support investment in local low carbon initiatives and social causes in the Bristol area, helping to meet Bristol City Council’s target of being carbon neutral 2030.
The acquisition will help Yü Energy to build scale as part of its ambitious growth plans, increasing its portfolio to over 13,000 meters, whilst ensuring continuity of supply and service for Bristol Energy’s customers. Yü Energy are working closely with Bristol Energy to ensure a smooth transition for Bristol Energy business customers over the next few weeks.
Bobby Kalar, Chief Executive of Yü Group PLC, said:
“I’m delighted to welcome Bristol Energy’s business customers to Yü Energy and look forward to maintaining a positive working relationship and continued high levels of service. I’m pleased that we have been able to retain existing B2B staff who will transition as part of the deal. The competitive tender process was conducted at a high level and I’m grateful to Bristol Energy and Ernst & Young for their professionalism throughout this process. Our objective over the coming days will be to successfully transition all of Bristol Energy customers onto the Yü Energy platform in a quick and transparent manner such that it minimises any disruption to the customers.
Allan Booth, Managing Director of Bristol Energy, commented:
“It was important that we found the right partner for our business energy customers whose values were consistent with those of Bristol Energy. Yü Energy has demonstrated its commitment to continue tackling social and environmental challenges such as climate change and supporting social causes for the benefit of our local community. Working together with the team at Yü, I am confident that we will provide a smooth transition for our business customers and staff.”
Notes to Editors
Information on Bristol Energy
Bristol Energy is a national gas and electricity company, owned by Bristol City Council. It is a purpose led business, building a sustainable energy company with social value at its heart.
The company supplies around 100,000 residential customers and around 4,000 business meter points. Bristol Energy is growing its portfolio of renewable energy with 74 contracts with independent, renewable generators.
In 2018/19, the business switched all tariffs to 100% green renewable electricity sources and in 2020, Bristol Energy launched three new green tariffs; BE Simply Green, BE Super Green and Big Issue Super Green. The company’s greenest tariff contains 100% green renewable electricity sourced from UK generators and 100% gas carbon offsets.
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Information on Yü Energy
Yü Energy Retail Ltd, trading as Yü Energy, is an independent supplier of gas, electricity and water, focused on servicing the corporate sector throughout the UK. It has no involvement in the domestic retail market. Business customers benefit from a unique multi-utility offer covering electricity, gas and water supply as well as solutions including EV charge points and meter installations. With a 4.5-star Trustpilot rating and a focus on the highest levels of customer service, Yü Energy is committed to delivering Yütility Simplicity for customers; helping to save businesses time and money.
Find out more about Yü Energy at https://www.yuenergy.co.uk/
Press enquiries
For Bristol Energy please contact:
Bristol City Council press office:newsdesk@bristol.gov.uk
For Yü Energy please contact:
Alma PR: 0203 405 0205