Bobby Kalar, CEO

Yü Energy appointed as Supplier of Last Resort for Ampower's customers by Ofgem

Leading independent energy supplier, Yü Energy has taken on the customer base of Ampoweruk Limited (Ampower) to ensure they receive an uninterrupted energy supply, following a successful appointment from Ofgem as Supplier of Last Resort (SoLR).

The move follows Ampower’s closure announcement on 6th November 2021; the latest in a string of energy suppliers to cease trading recently.

Ampower’s 8,158 predominantly electricity  business sites have transferred to Yü Energy, increasing their meter portfolio by 38%. The majority of Ampower’s customers are businesses, with a small number of domestic accounts.

Yü Energy has already successfully migrated  the new customers onto the company’s scalable CRM platform and is in the process of completing their transfer. Ampower customers are being contacted to explain the transfer process to them, whilst ensuring that they continue to receive an uninterrupted energy supply.

Yü Energy, which is part of Yü Group PLC is a leading independent energy supplier to over 20,000 business locations across the UK. Ampower customers will benefit from a unique multi-utility offer covering electricity, gas and water supply as well as solutions including electric vehicle charge points and smart meters. Customers can also choose  lower carbon options for their energy supply via  Carbon Neutral Gas and 100% certified Green  Electricity plans. Yü Energy’s multi-utility offer and commitment to customer service, is focused on delivering Yütility Simplicity, helping to save businesses both time and money.

Bobby Kalar, Chief Executive Officer of Yü Group PLC, said:

"I'm very pleased to have been awarded the Ampower customer book. In recognition of our strong systems and experienced team these customers have already been migrated onto our scalable operating platform seamlessly over the weekend with negligible impact on resource or capacity. Our experience and track record means we are confident the customer transition will be seamless, quick and well communicated.

“Our robust hedging strategy and strength of balance sheet are underpinned by a proven business model and a solid and scalable platform. This gives the Board confidence that we are well positioned to deliver a good, blended mix of both organic and inorganic growth and we are proud to be in a strong position to allow us to play a part in supporting the industry.

“We remain well disciplined, selective and focussed on achieving good profitable growth. I would like to thank my team for their phenomenal performance and unwavering support."