Energy

Yuno Energy cuts prices for fourth time this year

The new rate, which is 3.4 per cent lower, will extend Yuno’s position as the cheapest provider on the market

The company said that its new rate was €500 cheaper than the average standard rates from other suppliers. Picture: Daniele Mezzadri

Yuno Energy, which entered the Irish electricity market last August, has made its fourth rate cut this year, dropping 3.4 per cent.

The new rate of 25.24 cent per KWh, is fixed for 12 months, with a total annual cost for a typical customer of €1,325 per year, according to the company.

Cathal Fay, its chief executive, said wholesale markets had decreased recently but were “still volatile” so its new rate would be “particularly appealing” ...