Yuno Energy cuts electricity rate by 3.4% for new customers

Yuno Energy, the newest electricity retailer in the Irish market, has cut its rate for new customers by 3.4 per cent.

The group, which was founded by the team behind pay-as-you-go energy provider PrepayPower, has more than 180,000 electricity and 60,000 gas customers on its books, although the new rate applies to new customers only. The service is centred on the Yuno Energy app. Most energy providers have been cutting prices in response to the drop in wholesale electricity prices, which fell by 15.3 per cent in February compared to January, and by 46.8 per cent compared with the same month last year.

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