Yü Group scoops up customers of collapsed energy provider

Nottingham-based utilities supplier to businesses, Yü Group, has been appointed Supplier of Last Resort (SOLR) to collapsed electricity and gas provider Ampower.

Ampower supplied 8,158 predominantly electricity business sites, increasing the group’s meter portfolio by 38%. Group revenues are forecasted to immediately increase by over £7.5m per month.

Yü Group says it is in the process of contacting the customers impacted and will ensure they continue to receive an uninterrupted supply after Ampower ceased trading on 6 November.

Bobby Kalar, group chief executive officer, 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.”