Yu Energy, a business energy supplier, has garnered attention for its tailored services and competitive pricing. This guide delves into Yu Energy business energy products and prices, with a focus on both gas and electricity offerings.
Overview of Yu Energy
Yu Energy is a relatively new entrant in the UK energy market, focusing exclusively on supplying electricity, gas, and water to business customers. Since its inception, Yu Energy has aimed to differentiate itself through exceptional customer service, competitive pricing, and a range of energy solutions tailored specifically for businesses. This focus on the business sector allows Yu Energy to offer specialised support and customised energy plans.
Yu Energy pricing list
Please note that these prices are indicative, as actual rates can vary based on market conditions, business size, location, and consumption patterns.
| Product | Contract Type | Duration | Price (pence per kWh) | Standing Charge (pence per day) | Renewable Option |
|---|---|---|---|---|---|
| Electricity | Fixed | 12 months | 20.00 | 25.00 | Available |
| Fixed | 24 months | 19.50 | 24.00 | Available | |
| Fixed | 36 months | 19.00 | 23.50 | Available | |
| Flexible | 12 months | Market-linked | 28.00 | Available | |
| Green Tariff | 12 months | 21.00 | 26.00 | 100% Renewable | |
| Gas | Fixed | 12 months | 6.00 | 15.00 | Carbon Offsetting |
| Fixed | 24 months | 5.75 | 14.50 | Carbon Offsetting | |
| Fixed | 36 months | 5.50 | 14.00 | Carbon Offsetting | |
| Flexible | 12 months | Market-linked | 16.00 | Carbon Offsetting | |
| Carbon Offset | 12 months | 6.50 | 15.50 | Carbon Offset |
Key Points to Note:
- Fixed Contracts: These offer stable rates over the contract duration, making budgeting easier and protecting against market volatility.
- Flexible Contracts: Prices are linked to market conditions, which can offer savings if market prices fall but also come with the risk of higher costs if prices rise.
- Standing Charge: This is a daily fixed charge that businesses pay regardless of their energy consumption, covering the cost of maintaining the supply network.
- Renewable and Carbon Offsetting Options: Yu Energy provides green tariffs and carbon offsetting options to help businesses meet their sustainability goals. The green tariff ensures that the electricity supplied is matched by 100% renewable sources, while carbon offsetting allows businesses to compensate for their gas consumption emissions.
Electricity products and pricing
Yu Energy offers a variety of electricity plans tailored to the needs of different business sizes and sectors. These plans are designed to provide flexibility, cost savings, and sustainability. Here’s a look at their main electricity offerings:
- Fixed Price Contracts: These contracts lock in a fixed rate for the duration of the contract, which can range from 12 to 36 months. Fixed price contracts offer businesses the security of knowing their energy costs in advance, protecting them from market fluctuations. This can be particularly beneficial in a volatile energy market.
- Flexible Contracts: For businesses that prefer more control over their energy use and pricing, Yu Energy offers flexible contracts. These allow customers to benefit from market conditions, potentially securing lower rates. However, this comes with the risk of price fluctuations.
- Green Energy Options: Recognising the growing demand for sustainable energy, Yu Energy provides green energy tariffs. These tariffs guarantee that the electricity supplied is matched by 100% renewable sources, such as wind or solar power. This option supports businesses in reducing their carbon footprint and meeting sustainability targets.
Gas products and pricing
Yu Energy’s gas offerings are similarly structured to provide options that fit various business needs, with a focus on flexibility and cost management.
- Fixed Price Gas Contracts: Similar to electricity, Yu Energy’s fixed price gas contracts allow businesses to secure a set price for their gas supply over a specified period. This stability can help businesses plan and budget more effectively.
- Flexible Gas Contracts: These contracts are ideal for businesses that want to take advantage of market prices. While offering the potential for cost savings, flexible contracts require careful management to avoid potential price hikes.
- Carbon Offsetting: For businesses looking to mitigate their environmental impact, Yu Energy offers carbon offsetting options for gas consumption. By investing in carbon offset projects, businesses can balance out their emissions and demonstrate a commitment to sustainability.
Factors influencing Yu Energy pricing
Several factors influence the pricing of Yu Energy’s products, including:
- Market Conditions: Energy prices are inherently linked to global and regional market conditions. Fluctuations in supply and demand, geopolitical tensions, and natural events can all impact energy costs.
- Contract Length: Generally, longer contracts tend to offer more favourable rates. However, businesses must balance this against the need for flexibility and the potential for future price reductions.
- Consumption Patterns: Businesses with higher energy usage may benefit from lower rates due to economies of scale. Understanding consumption patterns can help businesses negotiate better terms.
- Credit Rating: A company’s credit rating can affect the pricing and terms offered. A good credit rating can lead to better pricing and more favourable contract conditions.
Managing energy costs with Yu Energy
To manage energy costs effectively, businesses can take several proactive steps:
- Energy Audits: Conducting regular energy audits helps businesses understand their energy usage and identify areas for improvement. Yu Energy provides support and advice on conducting these audits.
- Smart Meters: Installing smart meters can provide businesses with real-time data on energy consumption, helping to identify patterns and opportunities for savings.
- Negotiating Contracts: Engaging with Yu Energy to negotiate terms based on specific business needs and consumption can lead to more tailored and cost-effective solutions.
- Exploring Renewable Options: Moving towards renewable energy sources not only helps reduce carbon footprints but can also provide long-term cost savings as green energy becomes more economically viable.
For more, see our business energy comparison, and our price lists for business gas and business electricity.
FAQ – Yu Energy business pricing
Yu Energy offers several types of contracts for electricity, including fixed price contracts and flexible contracts. Fixed price contracts can be for 12, 24, or 36 months, with rates as low as 19.00 pence per kWh for a 36-month contract. Flexible contracts, which are linked to market prices, have standing charges of around 28.00 pence per day.
Yes, Yu Energy provides green energy options. For instance, Yu Energy’s green tariff for electricity costs 21.00 pence per kWh with a standing charge of 26.00 pence per day. This option ensures that 100% of the electricity supplied is matched with renewable energy sources.
Yu Energy offers fixed price gas contracts with rates depending on the contract length. A 12-month fixed price gas contract costs 6.00 pence per kWh, while a 36-month contract costs 5.50 pence per kWh. The standing charge for gas contracts is typically around 15.00 pence per day for a 12-month contract.
Standing charges for Yu Energy business energy contracts vary by type and duration. For electricity, standing charges are 25.00 pence per day for a 12-month fixed contract and decrease to 23.50 pence per day for a 36-month contract. Gas contracts have standing charges starting at 15.00 pence per day for a 12-month fixed price contract.
Yes, Yu Energy offers flexible gas pricing. Under this plan, the price is linked to market conditions, offering potential savings. The typical standing charge for a flexible gas contract is 16.00 pence per day, with actual kWh rates varying based on market prices.
Choosing a Yu Energy fixed price contract offers price stability, protecting businesses from market fluctuations. For example, a 24-month fixed price electricity contract costs 19.50 pence per kWh, and a 24-month fixed price gas contract costs 5.75 pence per kWh. These fixed rates make it easier for businesses to plan their budgets.
Yu Energy supports carbon offsetting for its gas customers. For instance, Yu Energy’s carbon offset gas option costs 6.50 pence per kWh with a standing charge of 15.50 pence per day. This option helps businesses offset their carbon emissions by investing in environmental projects.
Yes, Yu Energy’s green tariff, which provides 100% renewable electricity, costs 21.00 pence per kWh with a standing charge of 26.00 pence per day. This is slightly higher than the standard fixed price contracts but supports businesses’ sustainability initiatives.
Yu Energy’s business electricity prices are competitive, with fixed price contracts starting at 19.00 pence per kWh for a 36-month contract. This pricing offers a competitive edge, especially for businesses looking for long-term cost stability in a volatile energy market.
While Yu Energy offers standard rates, actual pricing can vary depending on business size and energy consumption patterns. Higher consumption businesses may negotiate better rates, but standard rates start at 19.00 pence per kWh for electricity and 5.50 pence per kWh for gas on fixed contracts.