Yorkshire Water to sell business retail arm
Yorkshire Water has confirmed it will sell off its business retail arm, putting at risk around 100 jobs at its Bradford and Barnsley sites.
According to reports in the local media, a spokesman for the company said: “Yorkshire Water Business Services and Three Sixty can confirm they have notified staff of the Kelda Group’s intention to exit the non-household retail market and sell its non-household retail businesses.
“These are early days but we felt it was right to keep our colleagues informed throughout".
The statement said "business as usual" will continuue while details of the market exit are finalised. It also reassured non-household retail customers that they will continue to recieve "the very best service”.
At the time of publication, Yorkshire Water had not responded to a request for further comment.
In February, Yorkshire Water abandoned plans to transfer existing non-domestic customers to its retail spin out, Three Sixty, amid rumours that it might sell off its business book.
Northumbrian Water was tipped as a possible buyer for the non-domestic customer base.
-This article first appeared on Utility Week.
- UU gets go-ahead to provide loans to JV retail business United Utilities (UU) has been given the go-ahead from Ofwat to provide loans to its joint venture company, which it set... Read More >
- Valves dating to 1870s remanufactured for Yorkshire reservoir Blackhall Engineering has successfully refurbished and remanufactured 140-year-old valves at Yorkshire Water's Fewston... Read More >
- Sutton and East Surrey Water rebranded as SES Water Sutton and East Surrey Water has announced that it is changing its trading name and logo ahead of retail market opening... Read More >
- Experts to discuss the future of the Scottish water sector Senior leaders from Scottish Water, the Scottish Government, the Water Industry Commission for Scotland (WICS) and other... Read More >
- Air Quality and the MCPD: Something in the Air Air quality regulations that come into force next year are making water and wastewater companies reconsider the role of... Read More >
- Plastic pollution – what was the tipping point? Despite years of research, news stories concerning plastics and the pollution of the marine and water environment have... Read More >
- New direction: Is the industry ready for direct procurement? Ofwat's continued aim to drive efficiency and value for customers will see the introduction of a new direct procurement... Read More >
- Analysis: Assessing lane rental's pros and cons While lane rental may be popular with many, Robin Hackett hears why the majority of utilities and contractors are fiercely... Read More >