Ovo two year fix

Roller_Derby_Girl

I don't fancy a smart meter so Octopus is out of the running for me. Ovo knew what they were doing when they set the exit charges so high.

SAC2334

adamcarvell said:

I’m not clever enough to work it wether to jump ship to octopus or stay with ovo 

If you do go to Octopus the tariffs to get on are Tracker for gas and probably Agile for electric but you would have to download Octopus Compare to check usage to see if Agile or Tracker is best. .Smart meters needed , preferably Octopus s EDMI meters   .It won t be long until you wipe out the very high rip off fix that OVO ( SSE ) have manacled you with .Taking off the £50 from Octopus you have £140 to get back .Find out average unit rates on Tracker or Agile and do the sums. Bear in mind you can collect your own £50 referrals when you recommend Octopus to friends ..I ve collected 6 in the 15 months I ve been with Octopus with two paid this week ,one being the smart meter fitter who changed my dumb meters to smarts a few weeks ago...he could see how good the rates are ! EDIT..there's no point in switching to Octopus unless you are going to go on Tracker or Agile as you will lose out on the standing charges which are low with Ovo. recent standing charges rise April 1 st for me are very high on electric at 67 .7 p gas 31 p 

adamcarvell

Octopus quotes are for flexible and 12m fixed based on my 12 month usage 
£160 flexible 
£140 fixed
im currently paying £162 with ovo and in credit 

Alnat1

adamcarvell said:

Octopus quotes are for flexible and 12m fixed based on my 12 month usage 
£160 flexible 
£140 fixed
im currently paying £162 with ovo and in credit 

Ignore all quotes and work out from your annual usage (should be shown on every bill) what each tariff would cost you, using the prices per kWh and adding the standing charge x 365

adamcarvell

Based on your responses I’m on a bad fix

adamcarvell

Hello Adam,

Thanks for getting in touch with us. My name is William, part of OVO Care and I'm here to help you with this today. 

Looking into the current rates, our 1 and 2 year contracts are very similar in prices but are both cheaper than your current contract. Please note to change contracts you would pay a total exit fee of £190. I have included your current contract and the possible tariffs you could look to change to below (All rates include VAT):

Current: OVO Energy 2 Year Fixed 19 October 2023

Estimated Monthly Cost: £165.22

Estimated Annual Cost: £1982.62

Contract End Date: 03/11/2025

Electricity

Unit Rate (anytime): £0.2851 kWh

Standing Charge: £0.5001 Daily

Usage Projection: 3706 kWh

Exit Fee: £95

Gas

Unit Rate (anytime): £0.0739 kWh

Standing Charge: £0.2723 Daily

Usage Projection: 8714 kWh

Exit Fee: £95

Possible Tariff Hop: OVO Energy 1 Year Fixed 22 February 2024

Contract Length: 12 Months

Estimated Monthly Cost: £143.62

Estimated Annual Cost: £1723.44

Electricity

Unit Rate (anytime): £0.2480 kWh

Standing Charge: £0.5561 Daily

Usage Projection: 3706 kWh

Exit Fee: £75

Gas

Unit Rate (anytime): £0.0562 kWh

Standing Charge: £0.3062 Daily

Usage Projection: 8714 kWh

Exit Fee: £75

Possible Tariff Hop: OVO Energy 2 Year Fixed 22 February 2024

Contract Length: 24 Months

Estimated Monthly Cost: £143.63

Estimated Annual Cost: £1723.59

Electricity

Unit Rate (anytime): £0.2480 kWh

Standing Charge: £0.5563 Daily

Usage Projection: 3706 kWh

Exit Fee: £75

Gas

Unit Rate (anytime): £0.0562 kWh

Standing Charge: £0.3064 Daily

Usage Projection: 8714 kWh

Exit Fee: £75

adamcarvell

Are those rates better worth taking the hit on the exit fees

northernstar007

can you go on the svr with ovo without exit fees, enquire about that

adamcarvell

I can go onto svr ovo simply but the rates look higher than my fix atm

northernstar007

adamcarvell said:

I can go onto svr ovo simply but the rates look higher than my fix atm

then go onto that so that has no exit fees, then move onto the tariff you want without any exit fees
but make sure your not going to be hit on exit fees, get it in writing off them

***update*** looking on ovo website there is a £30 exit per fuel to 1 of there other tariffs 

If you're on a fixed plan

You must be in your ‘renewal window’ (which starts 53 days before the end of your contract) to change, or you may incur exit fees. Once renewed, the new plan will start when your current one ends.

Change from fixed to fixed:

• Change from Better Energy to 2 Year Fixed Energy anytime – no exit fees.

• Change from 2 Year Fixed Energy to Better Energy – £30 exit fee on each fuel if you change before the renewal window.

Change from fixed to variable:

• Change from Better Energy to Simpler Energy – £30 exit fee on each fuel if you change before the renewal window.

• Change from 2 Year Fixed to Simpler Energy – £30 exit fee on each fuel if you change before the renewal window.

so that reduces your exit fees to £60