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OVO Energy wins Young Business of the Year award

By Ovo Energy Friday 08 October 2010

OVO Energy, the UK’s newest gas and electricity supplier, received the 2010 Young Business of the Year award last night – 7 October – at the Citizen and Gloucestershire Echo Business Awards ceremony.

Based in Cirencester, OVO Energy was recognised for its entrepreneurial approach and creative business idea. Started by customers who were fed up with complicated bills, poor customer service and confusing tariffs, OVO started with a simple idea – there must be a better way.

Stephen Fitzpatrick, OVO’s managing director and founder said: “It’s fantastic to win the Young Business of the Year award. We’re a young, energetic company set on challenging the status quo.”

Since its launch in September 2009, OVO has grown from five to 50 employees and is currently supplying gas and electricity to more than 30,000 homes across the UK.

Fitzpatrick continues: “For us, the Gloucestershire countryside has been a source for highly ambitious and forward-thinking young people. Investing in fresh minds that have no preconceptions of the way things are usually done has its advantages. We find it’s often our interns who come up with the answer to a question we’ve been puzzling over, or figure out a way make things simpler for our customers. We’re very proud of our employees, so I want to thank the entire team for their commitment and hard work. ”

The award follows OVO Energy’s earlier success this year in winning the Barclays ‘Take one small step’ award for the South West region.

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O​VO​ 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.

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