OVO Energy
OVO was launchd in the UK in 2009 focussing on great service, affordable pricing and access to
more renewable energy. Now the largest independent retailer in the UK supplying energy from
renewable sources to over 5 million households.
In late 2019, we launched in Australia with the same green approach.
When you join OVO Energy, they will commit to purchasing the equivalent of 10% of your
electricity usage from renewable energy generators as standard. This is at no extra charge to
you, and is audited under the government’s GreenPower scheme.
GreenPower is a government scheme which certifies electricity coming from accredited
renewable energy generators like wind, solar, water and bioenergy.
100% Carbon Neutral
Ovo Energy assess the full life cycle of retailing electricity to their customers; this includes all
emissions released in the four key stages of energy retail (generation, transmission, our
business activities and then finally, supply).
They then purchase carbon offset certificates for their customers’ entire emissions, from
internationally recognised schemes that are accredited by the Clean Energy Regulator and
include reforestation, renewable energy or energy efficiency schemes.
Why choose OVO Energy?
OVO Interest Rewards
This is just OVO Energy’s way of thanking customers for keeping their account in credit.
Since their tariff is bill smoothed at certain points of the year, customers are likely to build up
credit – Ovo Energy believe that if they’ve got your money, it’s only right to pay you interest on
it.
As an example, if a customer is in credit when they generate their statement, OVO Energy work
out their Interest Reward based on the credit balance in that statement. The customer won’t
actually see the payment as a line item on their bill until their next statement.
The amount of interest paid is based on the amount of days between the two statements –
OVO Energy automatically calculate the Interest Reward that is due to the customer and credit
this to their account.
Customers start with a 3% interest reward in their first year. In year 2, OVO Energy increase this
to 4% and then it’s 5% for year 3 and beyond. Essentially, the longer a customer stays with OVO
Energy, the more they say thank you.
Note: OVO Energy only ever pay interest if the account is in credit and will never apply interest
to debit balances. The maximum credit balance OVO Energy will pay Interest Reward on is
$1,500 and customers must not make payments into their account just to receive the OVO
Interest Reward. All information regarding OVO Energy has been provided to us directly from
the retailer
At Deal Expert we will compare different companies and plans available for your property. We’ll
consider lowest rates, best overall discount, special offers and payment bonuses, or any other
special plan features that you want to see from your electricity company.
We work hard to find great deals from leading energy retailers you can trust.
How to compare OVO Energy Plans
When considering a switch to a better electricity or gas plan, Deal Expert can assist with a
comprehensive plan comparison search. Key factors to consider when comparing OVO Energy
plans include lower tariffs for supply and usage, discounts and offers including green energy
incentives, personalized energy plans or basic market offer retail contracts, convenient
payment options such as direct debit, fees and charges impacting bills, terms and conditions for
benefit periods, concessions, sustainability add-ons including solar options, and additional
features and benefits uncovered by Deal Expert.
Understanding OVO Energy Tariffs
Tariffs play a crucial role in determining energy costs, encompassing charges for energy usage
and supply. OVO Energy’s tailored energy plans may feature various tariffs including supply
charges, single rate tariffs, time-of-use tariffs, controlled load tariffs, solar feed-in tariffs, and
initiatives supporting renewable energy.
Customer Types
- Residential
Benefits of getting connected with OVO Energy
- 100% GreenPower at no extra charge
- Monthly Direct debit
- Award-wining self-service tools
- 100% carbon neutral
- Email billing
- Bill smoothed
- 3% interest paid on credit
- Excellence in customer service
- No payment or exit fees
Let’s Start Saving On YourBroadband Too!
We offer a free Broadband comparison service for all households too!
Frequently Asked Questions
Every household is different, and there are lots of ways you can tailor your electricity plan. Opt & Save provides up to date energy comparison, price comparison, and energy deals from retailers so you can make an informed decision. It also important to consider whether you want to pay your bills monthly or quarterly depending on your needs. It is always a good time for a bit of exploration and comparison, as you could save hundreds, start today by Opt & Save providers!
Once you’ve confirmed your details with Opt & Save, you’ll be moved over to your new provider within 3-4 weeks, but it depends on the provider and state. Finding a cheap energy deal and confirming your Opt & Save takes only a few minutes. Following that, you have a 10 Business Day ‘cooling off’ period. If you change your mind during this time, you can cancel the switch through Opt & Save and nothing changes. Your new provider will also handle all of the paperwork.
The Australian energy regulator ensures that every single supplier follows the same rules and regulations, so all Australians have a fair chance of finding an energy company to suit their needs. This is especially important for those who want smaller, lesser-known providers because they can trust in the fact that these companies will be held accountable by law if something goes wrong with their service.
No, our service is completely free for all customers. This covers everything from visiting our website or calling our call centre in Australia to Opt & Save providers online at the click of a button. We are here to provide you with competitive deals and services.
Yes. it is completely free to Opt & Save customers. We get paid a commission by your new gas and electricity provider.
