Yuno Group swoops for North’s Firmus Energy
Deal worth about €40m marks gas and electricity supplier’s first cross-border step
Deal worth about €40m marks gas and electricity supplier’s first cross-border step
Company allows customers to track their energy usage and costs on its app
Group, which has more than 180,000 electricity and 60,000 gas customers, says typical customer will pay €1,325 per year
It is highly likely other retailers will follow Yuno Energy with a third round of cuts of 10-20% this year
Company, founded by the team behind pay-as-you-go energy provider PrepayPower, also drops standard unit rate by 8.5%
New rate is ‘€500 cheaper annually’ than average standard rates, says energy retailer
Electricity prices almost 50% higher than before Ukraine war while gas prices 72% higher, according to report
Latest cut may increase pressure on rivals to further reduce prices
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