Utilita Energy Secures Exclusive Wholesale Energy Services Deal with EDF

Our Southampton corporate team, led by James Hawkeswood, has advised Utilita Energy, the UK’s leading pay-as-you-go energy supplier, on a significant new agreement with EDF. This exclusive deal grants Utilita access to a variety of energy products through EDF’s trading teams, enabling the company to offer electricity and gas to nearly 850,000 customers at competitive prices.

Under this strategic partnership, EDF will supply Utilita with substantial volumes of energy and provide a range of trading options to help the company efficiently manage customer demand in a rapidly shifting energy market. This collaboration underscores Utilita’s commitment to delivering value to its customers while advancing its net zero ambitions.

The legal team provided comprehensive advice throughout the negotiation process, ensuring that the agreement aligns with Utilita’s strategic goals and supports its long-term vision for sustainable growth.

James Hawkeswood comments, “I’m delighted to have acted for Utilita Energy in relation to the negotiation of this important new trading arrangement. It marks the culmination of over six months’ strategic and legal planning which has seen (amongst other things): a wholesale restructuring of the wider group (now branded ‘Luxion’); a management buy-out; and the creation of an employee benefit trust.

Stuart Fenner, Commercial Director of Wholesale Market Services at EDF, commented on the partnership: “With our extensive wholesale market experience and expertise, we are excited to support Utilita in optimising its market position and navigating the dynamic energy landscape.”

Imran Bannister, Chief Analytical Officer at Utilita Energy, added: “Our business has comfortably navigated the energy and wider cost of living crisis so far, and this collaboration will bolster and build upon our robust approach to risk management. EDF’s impressive offering of extensive market access and new, lower carbon products will allow us to operate in a way that’s good for the planet, as well as the pockets of nearly 850,000 customers.”

This deal marks a significant step forward for Utilita, reinforcing its commitment to delivering value to customers while maintaining a strong focus on environmental responsibility.