OVO Energy Tariffs

Who is OVO Energy?

OVO Energy is a major business energy supplier and other services to numerous homes and businesses across the UK. OVO Energy tariffs cater to the energy needs of both individuals and businesses. Renowned for its diverse range of options, OVO Energy is a trusted choice for businesses seeking reliable energy solutions.

OVO Energy Tariffs

We provide a business gas comparison from OVO Energy tariffs, catering to businesses seeking either the stability of fixed rates or the flexibility of variable rates. Here's an overview of the main types of OVO Energy tariffs:

• 1. Fixed-Rate Tariffs: OVO Energy Fixed tariffs provide stability by maintaining energy prices at a set rate for a predetermined period. This ensures that even if energy prices increase in the market, businesses' contract rates remain unchanged. It's akin to having a price guarantee, simplifying budgeting as businesses can anticipate their monthly expenses accurately. With OVO Energy Fixed Tariffs, businesses are shielded from unforeseen price hikes, offering peace of mind and financial stability.
• 2. Variable Rate Tariffs: OVO Energy variable tariffs allow energy prices to fluctuate based on market conditions. When energy prices decrease, businesses pay less, but if prices rise, energy bills could increase accordingly. While this setup offers flexibility as businesses can adjust their energy plans in response to market changes, it also means that energy bills may be less predictable. However, with OVO Energy variable tariffs, businesses have the freedom to switch to different OVO Energy tariffs or other energy suppliers without incurring penalties, empowering them to have greater control over their energy costs.
• 3. Deemed or Out-of-Contract Tariffs: If businesses haven't actively selected an energy tariff, they may find themselves on an OVO Energy deemed contract. This typically occurs when businesses move into a new property already supplied by OVO Energy and haven't chosen a new tariff. OVO Energy deemed tariffs often come with higher rates than standard tariffs, so it's wise to switch to a better OVO Energy tariff as soon as you realize you're on a deemed contract. This helps avoid paying more than necessary for energy usage.
• 4. Green Tariffs: OVO Energy's green energy tariffs for businesses are dedicated to sustainability. These tariffs support renewable energy sources such as wind and solar power, enabling businesses to lessen their carbon footprint and contribute to environmental conservation efforts. By choosing OVO Energy green tariffs, businesses not only align with their corporate social responsibility goals but also showcase their dedication to environmental stewardship to customers and stakeholders.
• 5. Business Electricity and Gas Contracts: OVO Energy offers tailored energy contracts designed for businesses of all sizes, providing flexibility in pricing structures, contract lengths, and additional services to meet specific needs. Whether it's a small business or a large corporation, OVO Energy tariffs are crafted to accommodate requirements and assist businesses in managing energy costs efficiently. These contracts empower businesses to select the pricing structure and contract length that aligns best with their needs, supplemented by additional services to support their energy requirements.

OVO Energy Tariffs in 2024

In 2024, OVO Energy Tariffs saw a single increase in line with Ofgem's energy price cap. Initially, the price cap remained stable due to its reliance on broader wholesale energy costs. However, a significant spike in wholesale prices during the autumn of 2021 led to a substantial increase in the price cap. To mitigate the impact on consumers transitioning to standard tariffs, the government introduced the Energy Price Guarantee, ensuring households paid a subsidized rate of £2,500 per year. With wholesale energy prices now decreasing, Ofgem reinstated the price cap at £2,074 from July 2023. Despite dropping to £1,834 in October 2023, it rose again to £1,928 for the period from January to March 2024.

Why Choose OVO Energy?

• • Reliability: OVO Energy is renowned for its commitment to high service standards and reliability as a leading business energy supplier. Businesses can trust OVO Energy tariffs to deliver consistent and quality energy services, ensuring uninterrupted support for their operations.
• • Customer Service: OVO Energy offers comprehensive customer support through various channels, including phone, email, and online assistance. Businesses can rely on responsive and knowledgeable customer service representatives to address inquiries promptly and resolve any issues efficiently.
• • Smart Solutions: OVO Energy Tariffs provide access to cutting-edge smart meters and energy-saving devices, empowering businesses to manage and reduce their energy usage effectively. By harnessing smart technology, businesses can gain valuable insights into their energy consumption patterns and identify opportunities for optimization and cost savings
• • Rewards: As valued OVO Energy customers, businesses can enjoy rewards and discounts on various services and products. These incentives enhance the overall value proposition of OVO Energy tariffs, providing businesses with additional benefits beyond energy savings.

OVO Fixed Price Deals and Tariffs

OVO Energy offers three one-year fixed-rate tariffs, each tailored to different needs. In addition to the basic one-year fixed tariff, there's an option that includes a boiler cover and another with an inclusive Greener Energy upgrade, utilizing 100% renewable electricity.

With an OVO Energy fixed-rate tariff, your unit rate for electricity and gas remains constant for one year from the signup date. However, if you decide to switch before the contract term ends, you'll incur exit charges. These charges amount to £75 for each fuel type, totaling £150 if you have both gas and electricity with OVO Energy.

At present, OVO Energy's fixed tariffs are exclusively available to existing OVO customers. New customers will be placed on the Variable tariff.

Economy 7 and Economy 10 Tariffs

OVO offers Economy 7, an OVO energy tariff that allows you to benefit from cheaper business energy rates depending on the time of day/night you use energy. You’ll pay less per kWh for any energy used during the night. OVO does not currently offer economy 10 tariffs.

Dual Fuel Tariffs

OVO offers dual fuel tariffs, allowing you to get gas and electricity from the same supplier. This offers convenience, easier management of bills, and potential savings through dual fuel discounts.