It’s a statement from us (or another supplier) telling you how much gas and/or electricity you've used that year, and how much it cost you. Ofgem, the regulating body behind energy, introduced annual statements on 1 July 2010 to give customers more power over their bills. Unlike your monthly or quarterly statements, an annual statement gives you an overview of your total energy use and how much you’ve spent over the course of a year, regardless of seasonal fluctuations. You get one for electricity and a separate one for gas.
Yes. An annual energy statement makes it easier for you to compare tariffs (from OVO or any other supplier), so you can get the best deal on your gas and electricity. Your OVO annual statement will also tell you whether you could be on a cheaper OVO tariff. It’s good to think of it as a yearly reminder to check that you’re not paying too much for your energy.