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Yu Energy Review


What’s in this review?

Yu Energy is a young company with a bright customer reputation with a 4-star rating on Trustpilot.

If you’ve never heard of them, they can offer your business energy, water and more from their range of services.

Want to learn more?

Let’s get this show on the road in just a moment, but first you can compare business electricity prices, browse the top business energy suppliers or find an energy broker to help you switch.

Introduction


Yu Energy


Founded in 2014, Yu Energy is a business-only supplier of energy, with a mission to become one of the most innovative companies in the energy market.

How will they achieve this?

By offering customers stellar service, competitive pricing and giving your business a treatment as unique as it is.

Costs and Fees

Like many business energy suppliers, Yu Energy does not provide an estimated bill for your company as each business requires an entirely bespoke plan.

However, they do give this table with information about day rates, standing charges and night rates depending on your location in the UK.

This is for micro-businesses with an annual consumption of 50,000kWh.

REGIONEastern 10East Midlands 11London 12Manweb 13
Single Rate
Day Rate p/kWh16.73416.87615.8718.348
Standing Charge p/day28.01529.0227.5827.94
Two-Rate: Day/Night
Day Rate p/kWh18.01117.72217.05819.236
Night Rate p/kWh11.97812.86112.7313.78
Standing Charge p/day28.01529.0227.5827.94
Two-Rate: Day/EveningWeekend
Day Rate p/kWh17.59116.374
Evening/Weekend Rate p/kWh15.65915.219
Standing Charge p/day28.01527.58
Three Rate: Day/Night/EveningWeekend
Day Rate p/kWh18.42718.37719.62
Evening/Weekend Rate p/kWh17.37816.70818.508
Night Rate p/kWh11.97412.87913.771
Standing Charge p/day28.01529.0227.94
REGIONMidlands 14Northern 15th>Norweb 16Scottish Hydro 17Scottish Power 18
Single Rate
Day Rate p/kWh16.97816.82917.22917.49117.221
Standing Charge p/day30.17529.06526.64534.2729.505
Two-Rate: Day/Night
Day Rate p/kWh17.90917.71118.06818.58118.642
Night Rate p/kWh13.56113.31912.95113.9913.768
Standing Charge p/day30.17529.06526.64534.2729.505
Two-Rate: Day/EveningWeekend
Day Rate p/kWh17.80918.19117.86918.529
Evening/Weekend Rate p/kWh15.93614.62617.01917.02
Standing Charge p/day30.17529.06534.2729.505
Three Rate: Day/Night/EveningWeekend
Day Rate p/kWh18.679
Evening/Weekend Rate p/kWh17.336
Night Rate p/kWh13.021
Standing Charge p/day26.645
REGIONSeaboard 19Southern 20Swalec 21Sweb 22
Yorkshire 23
Single Rate
Day Rate p/kWh16.54316.74817.29117.39817.189
Standing Charge p/day27.94527.89531.5232.05529.01
Two-Rate: Day/Night
Day Rate p/kWh17.91918.25618.38218.47218.028
Night Rate p/kWh12.58813.29113.88113.67313.864
Standing Charge p/day27.94527.89531.5232.05529.01
Two-Rate: Day/EveningWeekend
Day Rate p/kWh17.59418.01518.20418.025
Evening/Weekend Rate p/kWh15.70616.38516.38916.159
Standing Charge p/day27.89531.5232.05529.01
Three Rate: Day/Night/EveningWeekend
Day Rate p/kWh18.4318.79518.8518.583
Evening/Weekend Rate p/kWh17.12415.41517.87615.816
Night Rate p/kWh12.47813.38813.58113.863
Standing Charge p/day27.94527.89532.05529.01

Core services & offering

Gas & Electricity

Yu Energy offers your business a dedicated industry expert to help provide the best bespoke plans for you, which means that regardless of whether you are a micro-business or a multi-site retail chain, you can find yourself competitively priced services.

Water

Claiming to offer both personal expert services and competitive pricing, Yu Energy is going to be launching Yu Water shortly, which they say is a fresh approach to business water supply.

The great thing about this is that for businesses, sometimes having all of your utilities in one place can give you more time to focus on what’s important. Your company.

Corporate Energy Suppliers

If you run a large business that spends more than £100,000 a year on gas or electricity, your energy needs may realistically be more complicated than others.

Yu Energy will manage your energy portfolio, which allows them to give you the best contract for your businesses needs. This can range from fixed to part-fixed agreements that are clear and simple to understand.

  • Bespoke contracts for your company
  • Quick service
  • Your dedicated account manager

New Connections

Yu Energy can install new energy connections for commercial properties by using all types of gas meters and electricity meters, including non-half hourly and half-hourly electricity meters to bespoke gas meters.

Energy Brokers

For energy brokers, Yu Energy wants to create long and lasting relationships with both yourself and your clients.

This is why they will offer you fast turnaround times, tailored solutions for you and your clients and what they claim is industry-leading customer care.

“Yu Energy has created a superb business platform for energy consultants to use. Their pricing structure is very keen in a highly competitive marketplace, but, what sets Yu Energy above many of its competitors are the staff!” – from the Yu Energy website

Customer Support

On the whole, Yu Energy has a very positive score on Trustpilot. Most of their negative reviews do seem to be one-off situations that can happen for a variety of reasons.

However, it is still essential to consider them if you are thinking about making a switch.

Positive Customer Support Review

Jo Haynes on Trustpilot:

I have received excellent service from Lauren. I had never heard of YU Energy and was a little apprehensive about moving Supplier. Lauren was able to reduce our Electricity bill by approximately £2,000 per year. I look forward to working with her.

Negative Customer Support Review

Raja Azeem on Trustpilot:

They are just there to take your money, I was given the false information by customer service of when I can terminate my contract, everything I had done was of there advise, and they will roll you over on very high rates and not even tell you or advise you of this.

Contract Length and Fees

Fixed Price Plan

Yu Energy’s fixed price plan allows you to manage your business’s energy costs.

The typical plans are usually between 1 and three years in length, and they promise not to change their prices mid-way through your contract suddenly, so you know you’ll only be paying for the energy that you use.

Freedom Price Plan

This is a more flexible plan that companies are usually put on after their current contract ends if you haven’t agreed with Yu Energy to come to a different deal.

Yu Energy will inform you of what prices you can expect in advance of your contract coming up for renewal.

To avoid going on this plan, your business needs to give Yu Energy 30 days notice when you are planning to switch supplier or agree on a new Fixed Price Plan.

Deemed Price Plan

A deemed price plan will be your automatic plan if you move into a premise that Yu Energy supplies but you have not switched suppliers or agreed on a contract with Yu Energy.

This will often be more expensive than being in a contract with an energy supplier, so it is essential to make those calls as soon as possible.

Transition Price Plan

If you choose not to renew your Fixed Price Plan with Yu Energy, but another company has not registered your meter, you will be put on a transition price plan.

Payment Default Price Plan

If you default on your agreed payments, Yu Energy will transfer you to a ‘Payment Default Price Plan’.

For more information on Yu Energy’s plans, see their online documentation here.

Yu Energy Reviews

Yu Energy has a 5-star rating on Trustpilot, with 86% of over 200 reviews positive and 8% negative.

Most of the negative reviews seem to be because of issues surrounding miscommunication between brokers, customers and suppliers, which are usually one-off situations that do not necessarily reflect negatively on the company.

Although online reviews aren’t always accurate, they should still be considered when looking at a company to potentially switch to.

Positive Yu Energy Review

Harry Singh on Trustpilot:

Bal Patel sorted my gas and electricity, he came to see personally and explained every tiny detail, he has saved my family business money, I will be recommending him to all my business friends

Negative Yu Energy Review

Steven Monaghan on Trustpilot:

Don’t forget to give them the required notice, otherwise, prepare yourself for the second year of expensive gas.

Company Comparison

CompanyBulbSo EnergyAffectYu Energy
Overall Trustpilot Score★★★★★★★★★★★★★★★★★★★
DiscountsNoNo£15.75 per fuel per yearUnknown
The average cost for dual fuel three bedrooms home£82£78£90Business Supplier
Positive Reviews on Trustpilot92% Positive86% Positive86% Positive86% Positive

Who Should Use the Company?

Yu Energy would be a good fit for a business that would like to have all of their utilities in the same place, over multiple sites which Yu Energy can help you manage.

Verdict

Pros

  • Have all of your utilities in one place once Yu Water has launched
  • 4-star rating on Trustpilot
  • They promise to get back to you within 2 working days

Cons

  • Some of their contracts require a lot of reading as your plan could be switched if you don’t contract Yu Energy around the time of renewal
  • Standing rates appear to be on the higher end
  • According to reports, the billing could be improved

Yu Energy is a fresh company that joined the industry in 2014, promising to become an innovative alternative to the ‘big six’. With their water supply coming soon, customers will be able to benefit from having their utilities in the same place.

Contact

ecopreneurist.com
Capital house
61 Amhurst Road
London
E8 1LL

0800 234 3036