Yü Group to launch water business

Nottingham energy firm Yü Group is set to diversify into the water market.

The news comes after the firm, which supplies gas and electricity to businesses, was granted a licence by regulator Ofwat.

Yü says it intends to supply water services for the business sector only and will trade under the a newly-formed subsidiary, Yü Water.

Bobby Kalar, chief executive of Yü Group, said: “The addition of the water utility services to our product portfolio builds on our experience in the energy market for corporate customers and our ability to deliver these utilities with best-in-class customer service. Our focus remains on our core offering in the provision of energy, however this enables us to offer a bespoke, value-added service to our customers who seek the flexibility of a one-stop-shop for their utility needs. We see long term opportunities for the company in the water industry.”

Ofwat senior director Emma Kelso said: “It’s good news to see suppliers bring different areas of expertise to the water market – with Yü Water bringing theirs from a background in energy.”

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