15 JANUARY 2016: After a downturn in wholesale commodity costs for gas over the past month, OVO Energy will once again be decreasing prices. Today’s 5.2% drop on Gas represents a saving of £22 a year.
This is OVO’s 8th price decrease in 12 months, during which time the independent supplier has been (on average) 20% cheaper than the average Big Six Standard Variable Tariff.
The move will affect new and renewing customers only, on OVO’s 12 month pay-monthly fixed tariffs (Better Energy and Greener Energy). Renewing customers will save around £54 on the price at which they joined OVO this time last year, and new customers will save around £273 against an average Big Six Standard Variable Tariff today.
Following the price drop OVO’s price for a dual fuel customer will now be £823.
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, tr
ansparent and as competitive as possible.
The decrease takes effect at 00.01 on 15 January 2016.
Notes: Price comparisons are made using OVO’s cheapest non-Economy 7 dual-fuel tariff at the relevant time (including all available discounts, paying by direct debit in advance and averaged over all available regions) compared to an average of the Big Six Standard Variable dual-fuel tariffs (using a variety of payment methods including direct debit and averaged over all available regions).
The “Big Six” are E.ON, SSE, British Gas, Scottish Power, Npower and EDF.