People have the power to switch energy supplier to make sure they’re on the best deal – and we’re encouraging them to do it through our ‘Power to Switch’ campaign.
There are 13.5 million households across the UK missing out on their share of £2.7 billion by sticking with their energy supplier or existing tariff. And the reality is there’s never been a better time to switch. Our reforms to the market have driven competition – and the result is better deals, more choice and faster switching times.
As a government, we want consumers to get a fair deal, which is why we’re backing an independent investigation into the energy market. The Competition and Markets Authority, conducting the investigation, has also identified that customers on standard variable tariffs can make considerable savings by switching. And so do personal finance experts and consumer groups – switching is a good idea and now is the best time, thanks to the changes we have introduced.
Millions of people have never switched supplier – but the more people switch, the more competitive the market will become. On price and on customer service. We’re encouraging people to find out more about switching by visiting www.BeAnEnergyShopper.com. We’re already seeing results for example Ann and Sarah are a mother and daughter from London. They could save a £920 per year by switching energy suppliers*.
Ann says: “I thought I would be able to save around £20 or £30 on my energy bill so I was amazed to find out I could save much more.” Whatever the reason – price, service, energy from renewable sources – there has never been a better time to shop around, check deals, switch and save.
*Sarah, the daughter, could save £741 and Ann could save £179.
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OVO Energy Ltd, registered office 1 Rivergate Temple Quay Bristol, BS1 6ED, company no. 06890795 registered in England and Wales, VAT No. 100119879
Additional terms and conditions
Please see below for full terms and conditions on 33% renewable electricity, 3% interest rewards, exit fees and saving claims.
1Monthly cost - Representative monthly direct debit costs based on a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas) paying in advance by direct debit, including online discount. All rates correct as of 23/08/16, but may go up or down.
2Weekly cost - Representative weekly costs based on a non-economy-7, dual-fuel, medium user (3100 kWhs elec. and 12500 kWhs gas). All rates correct as of 23/08/16, but may go up or down.
3Pay Monthly Savings are based on the average estimated annual costs for new PAYM OVO customers quoted through the OVO website (based on household and/or consumption information provided by those customers), compared to their current supplier and tariff. Comparisons taken between 01/01/2016 and 11/10/16. Incl VAT. Actual savings may vary according to your current supplier or tariff, individual tariff options, household information, consumption and location.
4Pay As You Go Savings are based on the average estimated annual costs for new PAYG OVO customers quoted through the OVO website (based on household and/or consumption information provided by those customers), compared to their current supplier and tariff. Comparisons taken between 01/01/2016 and 11/10/16. Incl VAT. Actual savings may vary according to your current supplier or tariff, individual tariff options, household information, consumption and location.
We include almost twice as much renewable electricity as the national average: At least 33% of electricity in all of our tariffs comes from renewable sources. The national average, according to Ofgem as at March 2014 was 16.7%. For more information please visit this page.
33% of your electricity comes from renewable sources: 33% renewable electricity as standard as of 1st April 2015. Renewable electricity is generated from wind, solar, geothermal, wave, tidal, hydro, biomass, landfill gas, sewage treatment plant gas and biogas.
3% interest: Calculated at 3% per year, paid monthly based on number of days in credit and the amount left in your account after you’ve paid your bill. OVO Interest Reward is capped at 12 times the amount of the current direct debit amount and is available to customers paying by advance direct debit. Terms apply: http://www.ovoenergy.com/terms/
95% of new customers save when switching to OVO: Based on all new customer signups between 01/02/2016 and 31/07/2016
94% of surveyed customers would recommend us: OVO conducted a survey of their customers in between 1st January 2016 and 15th April 2016. Out of 15,312 customers who responded, over 94% rated OVO 6+ when asked 'how likely would you be to recommend us to a friend and family, on a scale of 1 to 10.
Britain's top rated energy provider: Britain's top rated energy provider in the Which? 2015 satisfaction survey. Survey conducted in October 2015. Awarded in January 2016.