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Ovo standing charges

confused,moi?
confused,moi? Posts: 19 Forumite
edited 11 September 2017 at 3:26PM in Energy
Ovo's current 2 year fixed rate units (gas @ 2.66 pence per KWh and electricity @ 11.96 pence per KWh) may look good on paper but the standing charges for gas and electricity are 28.77 pence per day which I calculate to be £105 per annum. So dual fuel would cost £210 over one year. By comparison, British Gas dual fuel would charge £188 and Co-op Energy dual fuel would be £150.00. Just an observation as I mind-numblingly trawl through such data......

Comments

  • Cardew
    Cardew Posts: 29,064 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler
    The level of the daily standing charge is a big factor now in the choice of a supplier.

    All that matter is the total price for the gas/electricity consumed. Ovo's high standing charge but lowish unit(kWh) price makes it suitable for those with high consumption, but unsuitable for those with low consumption.
  • footyguy
    footyguy Posts: 4,157 Forumite
    1,000 Posts Combo Breaker
    ...Just an observation as I mind-numblingly trawl through such data......

    Why are you mind-numblingly trawling through such data when comparsion sites exist to make things nice and simple for you??? :huh:
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