Research shows that the average customer can now save up to £250 per year* by switching their energy supplier, but that seems like too much of a stress, right? Well, you’re in good company: loads of customers that haven't switched before are put off by the perceived hassle of it all. But you’d be wrong! Changing your energy supplier is actually pretty straightforward, and definitely worth considering, as many customers can save hundreds of pounds per year!
Let’s start by clearing up some common myths.
Nope. While consumers generally believe they have to sort out all the nitty gritty themselves, all you have to do is make a phone call, write a letter or quicker still, go online, and your new supplier will take it from there.
Usually, your old supplier will pass over meter readings to your new supplier on the day of the switch, so as long as you’ve provided accurate readings you won’t be paying twice. Sometimes, though, there can be a one-month overlap if you move to a supplier who asks you to pay in advance for your energy. Check with your supplier to see if this applies to you, but remember that this cost is quickly relieved by the savings you’ll make in the long run.
It won’t be! This is one of the biggest switching myths around. In fact, you won’t notice any change at all, except your lower energy bills!
Nope. No workmen, no pipe changing, no digging. Everything stays the same and gas and electricity will be delivered in exactly the same way as before.
So before you start looking for a new energy deal, it’s helpful to gather together the following information:
You can get a quote using just your postcode, but it’s much more accurate if you use supplier and bill information as well.
There are several ways you can find out about other suppliers and their offers:
It’s usually quickest and easiest to use a price comparison website to see what deals will suit you best. Simply input all of your info and the site will do the rest. You can then see how they compare to your current supplier and make a new choice if you wish. Remember, as well as saving hundreds of pounds per year, a new supplier could offer you other benefits, such as easier ways to communicate with them, features such as submitting meter readings and managing your account online, and other advantages like smart meters and handy apps. Cheaper doesn’t necessarily mean better!
Your new supplier will manage everything for you, and you should be completely switched within four to six weeks. The only things you’ll need to do are:
If you have outstanding bills or debts with your current supplier totalling more than £500, you may not be able to switch until these are paid off – contact them directly to find out.
There are a bamboozling number of tariffs available, so usually the hardest part of switching is picking the right one. Here are a few things to keep in mind:
Why not just take a few minutes to get a price comparison quote online to see how much you could save? You’ve nothing to lose – and a lot to gain!
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.