Axpo Holding AG selected Valda Energy Group Ltd. as its electricity retailer for the small and medium enterprise market in the U.K.

Under the three-year deal, Axpo will provide Valda Energy with electricity, while the latter will handle the risks involved with the retail market, according to a Jan. 15 press release.

Launched in October 2019, Valda uses the latest technology like cloud-based customer service, accurate invoicing and automated smart metering to reach electricity and gas customers.