4 ways to beat energy price rises

Barely a winter goes by without ‘energy price rises’ hitting the headlines, and this year is no exception. Energy giants British Gas announced their price rises back in August, but it’s expected more will follow suit. So, how do you beat the price rises? And how do you keep your bills down without plastering your electrical appliances with passive-aggressive ‘please switch me off at the wall’ notes? The team at OVO Energy explores...

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1. Shop around for a fixed rate plan

The best way to avoid price hikes? Make sure you’re on a fixed rate plan for at least a year. This means you’ll be charged a fixed ‘unit rate’ throughout your contract, so no matter how high electricity and gas prices go, you’ll have a little protective bubble around you. We offer a popular two year fixed plan that also gives you Interest Rewards on credit balances. They start at 3% in year 1, and grow to 4% in year 2, and 5% in year 3 – a great incentive to watch your energy use and stay in credit.

2. Switch to a supplier who could save you £156 a year

Whether you’re a serial switcher, or have been with the same supplier a while, it pays to shop around. Just beware of headline price drops. We campaign against suppliers who entice new customers in with ‘teaser rates’ that are subsidised by loyal (and often vulnerable) customers on expensive ‘standard variable rate’ tariffs. It’s always worth investigating the ethics of the supplier you’re interested in.

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3. Use simple technology to track what you spend

Smart meters may have had a bit of bad press recently, but lots of people find they’re a really helpful way to keep tabs on their energy use. They’re also totally free to install. If you want to go a bit further, our My Energy Breakdown tool on our online account management system, My OVO, will reveal a breakdown of exactly which appliances are eating up your energy – proving to you once and for all that switching the TV off at the wall really can lower your bills.

4. And speaking of the obvious stuff...

Yes, some alleged ‘energy-saving tips’ can sometimes appear to be an insult to our intelligence – but when you take pains to turn appliances off at the wall, avoid charging phones overnight, take shorter showers, and only boil the water you need in the kettle, you’ll notice a difference. Things like insulating your loft, putting up thicker curtains in winter and buying energy efficient shower heads will help too – but see here for a full list of 120 energy-saving ideas.  

Ready to arm yourself against the price hikes? Then get a free quote for OVO – and save you up to £220. Every plan comes with 33% renewable electricity too.

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1Saving based on the estimated annual cost of OVO Better Energy fixed tariff for a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas) paying monthly in advance by direct debit, including online discount. Comparisons made against the average of the Big 6 standard variable tariffs with equivalent features. All rates correct as of 06/02/2018."The Big 6" are British Gas, Scottish Power, SSE, Npower, E.ON and EDF.

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