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Why we created the OVO Interest Reward

By OVO Energy Thursday 11 December 2014

We believe energy customers should be:

  • Treated fairly

  • Given great service

  • Offered products that provide real value for money

We also believe in giving our customers something back whenever we can. So back in 2014, we were pretty chuffed when the energy regulator, Ofgem, let us pay interest on our customers’ credit balances. We felt it was the right thing to do.

In 2017 we decided we could go one better and grow customers' interest rewards, really just to say 'thanks' for staying with us. So now you'll get 3% interest in your 1st year, 4% in your second year and 5% in your 3rd year – and for every year after.

From how it’s calculated, to where it appears on your statement – find out more about the OVO Interest Reward.