Yü Energy – 2021 Update

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Overview of the company

Yü Group PLC trades under the brand Yü Energy. It’s a Nottingham based business energy supplier that was founded in 2009. It used to be known as Better Business Energy but it rebranded to Yü Energy in 2013. Since then the company has grown significantly.

Yü Group focuses on personal needs of its customers and makes it easier for businesses to manage their utilities. It is known for providing excellent customer service and competitive prices. It aims to build long-lasting relationships with its clients and takes care of their energy supplies, thus allowing them to focus on other aspects of running their business. It offers a combination of innovative digital solutions and personalised customer service.

National structure

Yü Group PLC supplies energy mainly to small and medium-sized (SME) enterprises and businesses throughout the United Kingdom. It, however, also powers big customers like world famous sports stadiums including Trent Bridge Cricket Ground and Bolton Wanderers Football Club. The company does not supply energy to pubs, clubs, and takeaways.

The overview of the company’s subsidiaries can be found in the table below.

SubsidiaryDescription
Kensington Power Limitedits main business activity is the trade of electricity
employs 136 people
has an annual turnover of around £81 million
the company’s registration number is 08246810
KAL Energy Limiteda holding company it employs 32 people
the company’s registration number is 08205335

Products and services

Yü energy offers a range of contracts. It aims to understand the individual needs of each business. It says that supply, service and savings are the most important things in their relations with customers.

Yü Group’s offer covers electricity, gas, water and other solutions for business customers. It also supports its clients in their transition to more environmentally-friendly solutions and helps them manage their energy consumption more effectively.

Business electricity

Yü Energy believes that business electricity plans should represent the actual electrcity consumption of its customers. The company offers tariffs for businesses of all sizes, ranging from micro-businesses to huge retail chains.

It gives clients the option to choose Pure Green Plan, where 100% energy comes from green sources. The tariff was created with the thought of giving clients the chance to switch to sustainable energy solutions. The Pure Green Plan is available as a fixed energy plan for 12, 24 or 36 months. It allows your business to report zero carbon emissions and get Renewable Energy Guarantee of Origin (REGO) certificate.

Business gas

Yü Energy offers competitive business gas rates for micro to medium-sized businesses. Its gas contracts come with fixed prices, and metering and transportation costs are included in the price.

Business water

Since April 2017 all businesses in England can switch their water suppliers. If you are a business in England and want to save money by switching to Yü Energy click here.

Based on your water consumption your business can be classified as:

  • small business – annual water usage up to 5000 cubic meters, or
  • large business – annual water usage over 5000 cubic meters.

In addition to supplying water tu businesses, Yü Energy offers Wastewater and Sewerage services, which include removing and treating used water, and management of trade effluent.

Utility packages

Yü Energy also offers multi-fuel packages that include gas, electricity and water. They allow you to pay for utilities monthly or quarterly, and if you have any queries or problems you only have to contact one supplier.

If you pick the Multi-Fuel plan, you will get a discount on electricity and gas rates when you consolidate two or more utility supplies.

Yü Energy’s impact on environment

Yü Energy’s fuel mix for electricity supplied during the year 2019-2020 can be found in the table below.

Fuel source% of all electricity supplied
Coal5.83
Natural Gas66.63
Nuclear7.59
Renewables15.14
Other fuels4.81

Yü Energy offers green tariffs, where all electricity is sourced from renewable sourced. Electricity for its green products comes from wind energy. Its sourced from Carno Wind Farm in Wales, through its sourcing partner, Smartest Energy. The Carno Wind Farm is supported by REGO scheme, and it invests into the development of the local community.

Moreover, each time someone buys its Pure Green plan, Yü Energy donates to the World Land Trust ‘Plant a Tree’ programme. It also helps businesses install EV charging facilities, and its EV customers can get a discount for business energy.

Board of Directors

Everyone in the company’s management team has decades of experience working in the energy sector, and great understanding of what businesses need when it comes to utility supplies. The Directors are based in the United Kingdom.

Bobby Kalar – Chief Executive Officer

He is the founder of the group. His career began by him working as an electronics engineer at Marconi PLC. He used to invest in the care home sector and owned a group of four care homes that he sold after the deregulation of the energy sector.

Yu Energy CEO

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  1. Robin Paynter Bryant – Independent Non-executive Chairman

He joined Yü Group in January 2020. He has over 30 years of experience in corporate finance, and abackground in utilities. He used to work as a non-executive director of Ofwat, the Water Services Regulation Authority.

bryant

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  1. Paul Rawson – Chief Financial Officer

He oined Yü Group in September 2018. He is an experienced chartered accountant. When he first joined the energy industry he used to hold various senior financial and management positions for the Engie Group.

rawson

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  1. John Glasgow – Independent Non-executive Director

He has over three decades of experience in the energy industry. He specialises in engineering, operations, trading and IT. He used to be on the board of E.ON.

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  1. Anthony Perkins – Senior Independent Non-executive Director

He joined Yü Group in January 2020. He has many years of experience in financial sector, governance and risk management.

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Key financial data

Over the last 3 years, the company’s revenue has consistently been on the rise. In 2019 reported Yü Energy £111.61 million in revenue. That indicated a significant increase from £80.64 million in 2018. A year before, in 2017, the revenue was £45.63 million.

After taking into consideration the cost of revenue and taxes, the company’s profit was £4.97 million in 2019, £6.27 million in 2018, and £0.71 million in 2017.

Contact information

tel: 0115 697 1153 (lines are open Monday to Friday 8am – 5.30pm)

mail: customercare@yuenergy.co.uk (Yü Group’s customer service team aims to reply to all emails within 2 working days)

contact form

You can also visit offices in Nottingham or Leicester and talk to the company’s representatives in person.

Yü Energy Unit 2, Horizon Place, Mellors Way, Nottingham, NG8 6PY7th Floor, St John’s House, 30 East Street, Leicester, LE1 6NB

Websites

main website

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facebook

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Summary

Yü Energy is a business energy and water supplier based in Nottingham. It provides exceptional customer service and aims to become the UK’s most innovative energy supplier. It powers thousands of businesses throughout the UK. The supplier takes pride in working in partnerships with its customers. It takes into consideration unique needs of each client to offer them the best solutions and make sure they pay only for the utilities they actually use. To maintain its customers’ loyalty Yü Energy offers competitive prices and a variety of discounts if clients purchase multiple suppliers from the company.

Yü Energy recognises that more and more people care about their impact on the environment and wants to lower their carbon emissions. For that reason, it gives them the possibility to pick a 100% clean energy tariff. The company offers an innovative approach to business utility supply. It uses digital solutions, and tries to keep up with technological development. It supports and facilitates the installation of smart meters for businesses. All these things make Yü Energy one of the fastest growing energy suppliers in the UK.