Energy

Analysis: 20 per cent price cut by Yuno energy could add fuel to price war

Extra competition is great news for consumers who have paid over the odds for energy over the last two years, according to Daragh Cassidy of bonkers.ie

Yuno announced a 4.6 per cent cut in its rates - the third such reduction in 2024. Picture: Getty

The beginning of the new year brought the latest round of price reductions in the Irish energy market, and a further drop announced on Monday by Yuno Energy will further bolster consumers’ confidence amid the cost-of-living crisis.

The firm, which launched in August, announced a 4.6 per cent cut in rates, its third such reduction in 2024. The new rate of 26.13 cent per KWh, fixed for 12 months, will result in an annual cost ...