Energy

Yuno Energy reduces prices for third time this year

The new rate, which is 4.6 per cent lower, will ensure Yuno retains its position as the cheapest provider on the market

Yuno, which entered the Irish electricity market last August, has made its third rate cut this year. Photo: Daniele Mezzadri

Yuno Energy, which entered the Irish electricity market last August, has made its third rate cut this year, dropping it 4.6 per cent.

The new rate of 26.13 cent per KWh, is fixed for 12 months, with a total annual cost for a typical customer of €1,362 per year.

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