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Payments and Statements

Understanding payments and statements is really important if you want to keep on top of what you’re using and shrink those energy bills! Here you’ll find answers to all your statement and payment questions, including how to understand your bill, info about what you're being charged and why, plus lots of details about the choices you can make to manage your payments. 

Statement or energy bill? 

Here at OVO, we call energy bills ’statements’. This is because lots of our customers pay for their power in advance by monthly Direct Debit. 

Understanding statements

Energy bills can seem complicated, so we’ve worked hard to make ours a bit more people-friendly – you’ll find a guide to reading your energy bill in our guides section. There are also answers to explain energy industry jargon we’re legally required to use. That’s things like the Tariff Information Label, Tariff Comparison Rate and Personal Projection.

Making payments

There’s a payment method to suit every customer – Direct Debit, Flexible Direct Debit,  in arrears, and Pay As You Go. In this section we focus mostly on customers who pay by Direct Debit – there’s info on changing the way you can pay, how to manage your payments, and how Direct Debit amounts are worked out. 

Payment problems

Life isn’t always predictable, and we understand that people sometimes have problems paying bills – find advice on what to do if you can’t pay your energy bill here. There’s also some handy info about what to do if you think your energy bill is incorrect.  

Energy bills in the winter

We tend to use more energy in the wintertime, when it’s colder and the nights draw in. There’s info here about how we structure your payments so you don’t end up in energy debt when it gets chilly and answers about the Government’s Warm Home Discount.  If you’re after energy efficiency tips, you might be better off in the How to save money section.
 

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How do I change Direct Debit details?
If you’re wondering how to change your Direct Debit details, this page explains the steps to take.
What is the OVO Energy Fund?
The OVO Energy Fund is a fund to help people who’ve fallen behind with their energy payments to OVO, fallen into debt and who want to become more financially stable in future.
What’s a personal projection?
A personal projection is an estimate of how much we think you’ll spend on your energy over the next 12 months.
What's the OVO Interest Reward?
What's the OVO Interest Reward?
OVO Interest Reward is our 3% Interest Reward that we give on credit balances.
How does my energy use relate to my Direct Debit and bill?
Your Direct Debit will generally stay the same each month, but your bills will go up or down depending on how much energy you use.
How do I get a copy of my statement?
Every statement will be waiting for you in My OVO, even if you didn’t receive one by email or in the post.
Why have I been billed to estimated readings?
Why have I been billed to estimated readings?
Even if you kindly send us your meter readings exactly on time every month, we still need to use estimated readings to bring your statements up to date.
Can I add someone to my account?
If you want to add a partner, spouse or carer to your energy account, here’s how.
What makes up my monthly energy bill?
What makes up my monthly energy bill?
Your monthly bill doesn’t just cover the energy you’ve used, but network and metering costs, social and environmental obligations as well as supplier overheads and VAT.
What is an annual statement?
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.

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