Ovo fix and protect 4 a 12 month fixed rate

Is this 12 month fix worth taking currently on the variable rate.

«13

Comments

  • Merlin139
    Merlin139 Posts: 7,175 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If it was me I would grab it ASAP. Its cheaper than the capped rate for me.

    A rate that will probably go up by around 50% in 2 months.
    3.795 kWp Solar PV System. Capital of the Wolds

  • QrizB
    QrizB Posts: 16,588 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    If they're offering that to you today, yes - take it immediately.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • I’ve done it accept it this morning it just popped up on my app I’ve been looking every day at the fixes ranging from £200 to £187  one to three years fix then this one popped up.
  • QrizB
    QrizB Posts: 16,588 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    I’ve done it accept it this morning it just popped up on my app I’ve been looking every day at the fixes ranging from £200 to £187  one to three years fix then this one popped up.
    You've been very lucky. The SSE (now OVO) Fix and Protect v4 tariff dates from the first half of last year.
    The IT gremlins are working in your favour :D
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Think it’s a mistake then 
  • Cardew
    Cardew Posts: 29,058 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Rampant Recycler
    edited 1 February 2022 at 11:09AM
    I am with OVO on a fixed tariff ending 26 Mar 2022. I have just been offered several fixed tariffs, including the 'Fix and protect V4' at similar rates to the OP (19.7p/kWh/23.71pDSC and 3.86p/kWh/ 24.93pDSC

    HOWEVER looking at the terms and conditions there is nothing about the period of the fix. So it would be interesting to see if the OP is correct about 12 months.

    I have also been offered a 'Ovo member special 1 year fixed loyalty tariff ' at a rather more expensive 29.43p/kWh/45.03pDSC and 7.74p/kWh/26.8pDSC

    mmmmm
  • Here’s everything about your new gas plan

    Gas

    Fix and Protect v4

    12 month plan

    Plan length:
    12 months
    End date:
    01 February 2023
    Unit rate:
    3.81p / kWh
    Standing charge:
    24.93p /day
    Exit fee:
    £0
  • Copied from email today. Ok 
  • Got the same offer as my fixed plan was ending. Grabbed it with both hands as quick as possible! Got confirmation emails too,
  • Cardew said:
    Re my above post I have also been offered two and three year fixed tariffs at considerably higher cost than my 'Loyalty'(I use the term loosely!) all with exit fees - £60 a fuel for the 3 year fix.

    I think the OP's tariff is open to new customers and as it is slightly cheaper than their Standard Variable Tariff(SVT) will attract new customers who I suspect will find themselves on the new SVT on 01 April.
    It's not just for new customers. I had an email saying my current OVO fixed plan was ending and the "Fix And Protect V4" plan was one of the offers on the email. I clicked the renew button and it's all sorted. Confirmation emails and everything.
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