Save up to £237* compared to the bigger energy suppliers
OVO Simpler is our variable rate plan. That means your unit prices and standing charges could go up or down, depending on the energy wholesale market. The advantage is that you’re not in a 12-month contract, just a rolling monthly one. So you don’t pay exit fees if you leave. Simple as that.
Stay in credit and we'll pay you 3% OVO Interest Reward (rising to 5% in year 3) on the balance**
*PAYM: *The average OVO customer saves over £200: Between 01/01/2016 and 26/07/16, the average quoted savings made by new pay monthly signups was £265.81 annually based on the average consumption in their area.
**3% OVO Interest Reward (rising to 5% in year 3) is available only to customers paying in advance by Direct Debit, and is payable on balances up to the maximum credit balance for the Interest Reward specified in our Energy Charges list(currently £1,000). Terms and conditions apply.
^On 3rd March 2015 Ovo scrapped exit fees for customers upgrading their plan or moving away from Ovo. So if you renew or join OVO after 3rd March 2015, you’ll be free to leave Ovo or upgrade your plan whenever you want without paying a penny. If you are already with Ovo and you are on a fixed plan which started before 3rd March 2015, Ovo will charge you £30 per fuel (including VAT) if you want to end the contract early. There aren’t any exit fees for Ovo’s Simpler Energy variable-rate plan as customers are not tied into a 12 month contract.
^^Online discount - £30.00 per year per fuel added to your account on a daily basis as £0.0822 per day. You can lose your online discount if you do not follow the terms and conditions: www.ovoenergy.com/terms