We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Ovo two year fix

Options
135

Comments

  • 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
    SAC2334 Posts: 867 Forumite
    500 Posts Third Anniversary Name Dropper
    edited 24 February 2024 at 9:16AM
    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 
  • 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
    Alnat1 Posts: 3,847 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    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
    Barnsley, South Yorkshire
    Solar PV 5.25kWp SW facing (14 x 375) Lux 3.6kw hybrid inverter installed Mar 22 and 9.6kw Pylontech battery 
    Daikin 8kW ASHP installed Jan 25
    Octopus Cosy/Fixed Outgoing 
  • Based on your responses I’m on a bad fix
  • 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

  • Are those rates better worth taking the hit on the exit fees
  • can you go on the svr with ovo without exit fees, enquire about that
  • I can go onto svr ovo simply but the rates look higher than my fix atm
  • northernstar007
    northernstar007 Posts: 1,035 Forumite
    500 Posts Fourth Anniversary Name Dropper
    edited 26 February 2024 at 7:06PM
    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
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.