OVO Interest Reward is when we pay you interest on your credit balances. We grow it from 3% in the first year, to 4% in the second, and 5% for the third year and every year after. It's just our way of saying ‘thanks for staying with us’. Find out more.
Our priority is the safety of you and our teams. All our engineers are specially trained to follow safety measures – they’ll call ahead before the visit and wear PPE. Read more about the precautions we’re taking here.
Terms & Conditions
1If you’re signed up to our Green Energy add-on, we purchase renewable certificates for 100% of your electricity use from green sources such as wind, solar, geothermal and hydro. Please click here for more information.
2Interest Rewards are paid on credit balances of customers paying by monthly Direct Debit. It is calculated at 3% in your first year, 4% in your second year and 5% in your third year (and every year thereafter) if you pay by Direct Debit. Interest Rewards are paid monthly based on the number of days you’re in credit and the amount left in your account after you’ve paid your bill. Full terms apply.
3Saving based on the estimated annual cost of OVO Better Smart Energy tariff for a non-economy-7, dual-fuel, medium user (2900 kWhs elec. and 12000 kWhs gas) paying monthly in advance by Direct Debit. Comparisons made against the Ofgem published tariff cap for a customer on a standard variable or default tariff that came into effect on 01/04/2020, applied to the same medium user consumption values. Savings are an estimate only and your actual costs will vary according to your region and usage. All rates correct as of 18/09/2020.
4 Savings based on the average estimated annual cost for new OVO customers compared to their current supplier & tariff.
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