Yu Energy is a UK-based energy supplier specialising in providing gas, electricity, and water services to businesses of all sizes. As the energy market becomes more competitive and companies seek cost-effective solutions, understanding the pricing and features offered by suppliers like Yu Energy is essential. In this article, we review Yu Energy business prices, tariff structure, and key features, helping you make an informed decision for your business energy needs.
Overview of Yu Energy
Founded in 2014, Yu Energy has grown rapidly, focusing on providing transparent and straightforward energy solutions to businesses. They aim to deliver competitive prices with a strong emphasis on customer service and efficient account management. Yu Energy offers tailored business tariffs to suit different industries and business sizes, making them an attractive option for companies looking to streamline their energy expenses.
Yu Energy business prices list
| Tariff Type | Electricity Price (per kWh) | Gas Price (per kWh) | Standing Charge (daily) | Contract Length |
|---|---|---|---|---|
| Fixed-rate tariff | 16p – 19p | 4.5p – 6p | £0.30 – £0.45 | 12 – 36 months |
| Flexible tariff | 15p – 20p | 4p – 7p | £0.28 – £0.50 | Variable |
| Multi-site tariff | 15p – 18p | 4p – 6p | £0.25 – £0.42 (per site) | 12 – 36 months |
Key points:
- Electricity and gas prices: Prices are indicative and can fluctuate based on market rates, especially for flexible tariffs.
- Standing charges: This daily fee covers the cost of delivering energy to your business and maintaining the energy network.
- Contract length: Fixed-rate contracts typically lock in prices for 12 to 36 months, while flexible tariffs often have shorter or rolling contract terms.
This table provides a general idea of what to expect, but for a customised quote, it’s recommended to contact Yu Energy directly.
Yu Energy business tariffs explained
Yu Energy offers a variety of tariffs designed to meet the needs of small, medium, and large businesses. Understanding the available tariff options can help you find the best fit for your energy consumption and budget. Here’s a breakdown of the key business tariffs provided by Yu Energy:
1. Fixed-rate business tariffs
Fixed-rate tariffs are the most popular option among businesses, as they offer price stability over a set contract period, typically ranging from 12 to 36 months. The benefits of a fixed-rate tariff include:
- Price certainty: The cost per unit of energy remains the same throughout the contract duration, protecting your business from market fluctuations.
- Budgeting: Fixed rates make it easier to forecast energy expenses, allowing you to plan your finances more effectively.
- Long-term planning: Fixed-rate contracts are ideal for businesses that prefer stability and want to avoid unexpected cost increases.
Fixed-rate tariffs are particularly suited to businesses with consistent energy usage, as they can lock in rates during periods of low market prices.
2. Flexible business tariffs
For businesses that prefer more control over their energy costs, Yu Energy offers flexible tariffs. These tariffs allow you to benefit from market price movements, potentially saving money when energy prices are low. Key features of flexible tariffs include:
- Market-driven pricing: Your energy prices may vary in line with wholesale market changes, which could lead to cost savings during price drops.
- No fixed-term commitment: Flexible tariffs often come with shorter contract durations or rolling agreements, providing greater flexibility.
- Risk and reward: While there’s potential for savings, there is also the risk of higher costs if market prices rise.
Flexible tariffs are suitable for businesses that have a clear strategy for managing energy procurement and can adapt to price changes.
3. Multi-site business tariffs
Yu Energy’s multi-site tariffs are designed for companies that operate across multiple locations. This option consolidates energy management, making it more efficient and cost-effective. The main advantages of multi-site tariffs include:
- Simplified billing: Receive a single bill that covers all your locations, reducing the administrative burden.
- Streamlined management: Manage all your energy needs for various sites under one contract.
- Potential cost savings: Gain access to competitive rates by combining the energy usage of multiple sites.
This type of tariff is ideal for businesses with a national or regional presence, such as retail chains, hospitality groups, or franchises.
Key features of Yu Energy business services
Beyond tariffs, Yu Energy provides several features and services designed to enhance the customer experience and help businesses manage their energy more effectively:
1. Smart meter installation
Yu Energy promotes the use of smart meters to provide businesses with real-time data on energy consumption. The benefits of using smart meters include:
- Accurate billing: Say goodbye to estimated bills and pay only for the energy you use.
- Energy insights: Track your energy usage patterns and identify areas for potential cost savings.
- Remote monitoring: Manage your energy consumption remotely, making it easier to implement energy efficiency measures.
2. Online account management
Yu Energy offers an online portal where customers can easily manage their accounts, track energy usage, and view billing information. Features of the online account include:
- 24/7 access: Manage your energy account anytime, from anywhere.
- Simple navigation: The platform is user-friendly, allowing you to quickly access key data and account settings.
- Energy analytics: Gain insights into your business’s energy consumption and optimise your usage.
3. Dedicated account management
For businesses that require a more personalised approach, Yu Energy provides dedicated account managers. This service ensures that you have a single point of contact for all your queries and needs. The benefits include:
- Tailored support: Receive advice and recommendations specific to your business energy requirements.
- Quick issue resolution: Your account manager can quickly address any concerns or changes needed in your energy plan.
- Proactive account monitoring: Ongoing reviews of your energy usage to help identify cost-saving opportunities.
Pros and cons of Yu Energy business tariffs
To provide a balanced view, let’s look at the main advantages and potential drawbacks of choosing Yu Energy for your business energy needs.
Pros
- Competitive pricing: Yu Energy’s tariffs are often competitively priced, offering good value for money.
- Flexible contract options: Whether you need a fixed-term contract or a flexible agreement, Yu Energy has a variety of options to suit different business requirements.
- Excellent customer service: The focus on dedicated account management and responsive support sets Yu Energy apart from many competitors.
Cons
- Market risk with flexible tariffs: If energy prices rise sharply, businesses on flexible tariffs could see their costs increase.
- Limited green energy options: Yu Energy offers fewer renewable energy options compared to some other providers, which might be a consideration for businesses focusing on sustainability.
How to switch to Yu Energy
Switching to Yu Energy is a straightforward process, designed to minimise disruption to your business operations. Here’s how you can make the switch:
- Get a quote: Contact Yu Energy for a personalised quote based on your business’s energy usage and requirements.
- Review your options: Compare the tariff options available to choose the best fit for your business.
- Initiate the switch: Once you’ve selected a tariff, Yu Energy will handle the switching process with your existing supplier.
- Meter installation: If required, Yu Energy will install smart meters to ensure accurate billing from the start.
Yu Energy typically ensures a seamless transition with no interruption to your energy supply during the switch.
Is Yu Energy the right choice for your business?
Yu Energy offers a compelling range of business tariffs and services that cater to different industries and sizes. Their focus on transparent pricing, flexible contract options, and excellent customer service makes them a strong contender in the UK business energy market. However, the decision should always be based on your specific energy needs, budget, and sustainability goals.
For businesses that prioritise cost-effective energy solutions and efficient management, Yu Energy is certainly worth considering. Before making a decision, it’s advisable to compare their tariffs with other providers and consider any potential risks associated with flexible pricing models.
Final thoughts – Yu Energy business prices
Yu Energy provides a reliable and straightforward approach to business energy supply, with competitive tariffs and strong support features. Understanding the different tariff options and features available can help you make the best choice for your business’s energy needs.
By leveraging smart technology and dedicated account management, Yu Energy aims to help businesses manage their energy more efficiently and cost-effectively.
For more, visit the Yu Energy website, and see our guide to the cheapest business energy providers.
FAQ – Yu Energy business pricing
Yu Energy typically charges businesses between 16p and 20p per kWh for electricity, depending on the tariff and market conditions. The price you pay may also vary based on your business size, location, and specific energy consumption patterns, especially if you’re on a flexible tariff.
The gas standing charge for Yu Energy’s business tariffs ranges from £0.28 to £0.50 per day. This fee is applied daily to cover the infrastructure and network costs associated with delivering gas to your business.
Yu Energy reviews flexible tariff rates regularly, often reflecting market changes monthly. The electricity cost can range from 15p to 20p per kWh, while gas can fluctuate between 4p and 7p per kWh, meaning you might experience frequent price adjustments based on wholesale energy trends.
Yu Energy offers multi-site tariffs with electricity rates between 15p and 18p per kWh and gas rates ranging from 4p to 6p per kWh. These tariffs often provide simplified billing and potential discounts due to the consolidated energy use of multiple locations under one contract.
Yu Energy’s minimum contract length for fixed-rate tariffs is 12 months, although longer-term options of up to 36 months are also available. Shorter or rolling contracts may be available for flexible tariffs, providing more adaptability to changing business needs.
Yes, Yu Energy can provide peak and off-peak pricing for certain business customers. Peak rates typically range from 17p to 21p per kWh, while off-peak rates can be as low as 12p to 15p per kWh, allowing businesses to reduce energy costs by shifting consumption to off-peak times.
Yu Energy may apply a late payment fee of up to £40 if business customers fail to settle their invoices by the due date. Additional interest charges may also be applied, calculated at 8% above the Bank of England base rate, in accordance with UK late payment regulations.
For small businesses, Yu Energy’s fixed-rate electricity tariffs generally range from 16p to 19p per kWh, while gas rates are between 4.5p and 6p per kWh. The standing charge for small businesses typically falls between £0.30 and £0.40 per day, offering competitive pricing in the SME sector.
If a business contract with Yu Energy lapses, the out-of-contract electricity rates can be significantly higher, usually between 25p and 30p per kWh. Gas rates in these circumstances might range from 6p to 9p per kWh, incentivising customers to renew their contracts promptly.
Yes, Yu Energy may charge an early termination fee if you end your fixed-term contract early. This fee can vary but is often based on the remaining months of your contract, with a potential charge of around £30 to £50 per month left in the agreement.