Yü Group, the AIM-listed independent supplier of gas and electricity, has extended its key structured trading agreement with Shell Energy Europe by three years to 2032, in a move designed to fund its next phase of growth.
The Hedging Facility, first struck in February 2024 as a five-year deal, gives Yü structured access to commodity markets without tying up capital as collateral against mark-to-market swings, a major benefit when navigating volatile energy markets.
The extended agreement is capable of underpinning annual revenues comfortably north of £2bn.
Importantly, the deal comes with a sizeable uplift in volume capacity and added product flexibility, both aimed squarely at supporting the Group’s ambitious three-year SS2B growth plan. That plan targets a 7-9% share of the market by 2028.
Bobby Kalar, Chief Executive Officer of Yü Group, said: “This extension clearly demonstrates the strength of the relationship between our respective businesses, and whilst our ambitious growth plans were not precedent on getting this deal done it gives us a clear runway to continue the job of becoming the fastest growing dominant B2B supplier in the UK. As always, I would like to thank the hard work put in by my amazing team.”