20 April 2016: OVO today announces a reduction to its Pay As You Go energy prices following a downturn in wholesale commodity costs for gas. The move sees a 0.9% drop to the supplier’s variable PAYG tariff resulting in an average saving of £9 per year. Following the price change, which goes live on 20th April, OVO’s headline price for a dual fuel customer on its PAYG energy tariff will be £1,045 (down from £1,054).
Following this move, OVO will be on average over £80 cheaper than the average Big Six Variable Prepayment Tariff¹. OVO reviews its prices on a regular basis and has a strong track record of cost-reflective pricing and passing back savings to customers whenever possible. These principles sit at the heart of the company’s promise to customers that the deal they are getting from OVO will always be fair, transparent and as competitive as possible. The price changes take effect at 00.01 on 20 April 2016.
ENDS For more information please contact: Camilla Rigby | Head of Comms | 07713434250 | [email protected] Notes: The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF.
¹Price comparisons are made using OVO’s variable prepayment tariff vs the average of the Big 6 variable prepayment tariff.