Ovo Energy - Inflated Usage prediction figures...

ariarnia

Effician said:

ariarnia said:

dan0292 said:

The other thing is if they are doing this to a lot of people then they are collecting alot of cash in their bank. Them collecting interest rather than us!

well not really as ovo pay at least 3-5% on credit balances depending on how many years you have been with them. we intnetionally have a very high credit balance at the moment as the 4% we get is better than our current account. 

No interest for SSE refugees.

I went through a similar situation to the OP & ended up switching supplier in August  , OVO customer service was so bad it made the continuous hikes in DD's a nightmare to sort out.

didn't know that. even if you switched to an ovo tariff rather than sticking with your sse terms and conditions? i know some of the sse loyalty tariffs were much better than the ones on offer to ovo customers (i know because they made a mistake and offered the sse tariff to the wrong customer set and some people got to keep it when it shouldn't have been available for them)

Effician

The Interest Reward has been discontinued so will only apply to customers who joined OVO before 27 September 2021.

Guess Ovo decided against paying interest on new accounts when they started to transfer the  3+ million new customer credit balances  they took on from SSE.