Yü Energy streamlines utilities for SMEs with launch of business water service

Posted: Wednesday 9th January 2019

Business gas and electricity supplier, Yü Energy, has announced the launch of its new business water retail service for SMEs. The service will offer a more streamlined approach to business utilities for SMEs by bringing gas, electricity and water supply all under one roof.

The announcement comes after the company was granted its sewerage licence by Ofwat, to complement its existing water supply licence. Yu Energy’s water retail offering will provide water supply, wastewater and trade effluent services with a simple, transparent “cost plus” pricing approach.

The launch is aimed at making utilities as convenient and cost-effective as possible for SMEs, helping them to save time and money by streamlining their gas, electricity and water supply. With one point of contact and aligned contracts for gas, electricity and water, SMEs can free up time to focus on running their business utilities.

For larger corporate water users, Yu Energy has developed a range of Water Management solutions to help businesses improve their water efficiency, reduce expenditure and enhance environmental compliance.

The launch follows the de-regulation of the business water market in England in April 2017 which allows eligible non-household customers the opportunity to choose their water retailer for the first time.

The introduction of competition represented the biggest transformational change to the water sector in England since privatisation in 1989 and created the world’s largest competitive water market. The aim is to drive greater competition, the benefits of which will be passed on directly to customers through lower bills, improved customer service and more tailored services such as water efficiency measures.

According to Ofwat, since the deregulation of the business water market in April 2017, businesses have seen bill savings of around £8m as well as benefits such as simplified billing and reduced water consumption. Around 10% of eligible customers have actively made a choice in the market; either by switching supplier, renegotiating with their existing supplier or simply exploring their options which means there is significant opportunity for further engagement in the business water market.

CEO of Yü Group PLC, Bobby Kalar added “This is another significant step forward in our mission to help businesses by making it easier to manage their utilities. Our enhanced offering provides businesses with their gas, electricity and water supply all in one place, allowing them to focus on running their business while we take care of their utility supply.”

“We’re constantly looking for ways to innovate and to find better utility solutions for businesses. The de-regulation of the business water retail market provides a long-term opportunity for us to change the way SMEs approach their business utility supply, dealing with one supplier rather than the traditional model of separate energy and water suppliers.“

Yü Energy is a specialist business utility supplier, servicing thousands of businesses across the UK. It now employs a team of around 150, based in Nottingham and Leicester. The company was created with a mission of offering excellent service and competitive and simple, transparent utility plans, helping companies to take away the strain of their utility bills so that they can focus on running their business. Normal 0 false false false EN-US X-NONE X-NONE




Read the magazine online

March 2019

About the magazine »
Magazine archive »


Advertisements

Information for advertisers »

Sykes Pumps
British Water Prominent Fluid Controls Huber buttonwood marketing Verder Water Aid Pulsar Button June 13 Harvey Communications wateractive
London Busniess Conferences