Fuse Energy vs OVO Energy: Which Should You Pick?

Fuse Energy vs OVO Energy comes down to a straightforward trade-off: in a recent August 2026 tariff snapshot, Fuse Energy’s cheapest fixed deal came in more than £240 a year lower than OVO’s cheapest fixed deal, but OVO offers established dual-fuel supply and bundled extras that Fuse’s cheaper headline price does not include. If you want the lowest fixed price and are comfortable with a newer supplier, Fuse looks strong; if you value a longer track record or want boiler cover built in, OVO has the edge.

Both suppliers charge standard variable tariffs that track the Ofgem price cap, so on a like-for-like variable deal the difference between them is small. Free Price Compare sources tariff and market data from Ofgem publications and live supplier rate cards, and the figures below are a dated snapshot rather than a permanent ranking, because energy prices change every few months.

Last updated: August 2026

Written by the Free Price Compare editorial team | Reviewed August 2026

Fuse Energy vs OVO Energy: which is cheaper right now?

Fuse Energy was the cheaper of the two on fixed tariffs in an August 2026 pricing snapshot, with its cheapest overall deal around £1,683 a year against OVO’s cheapest at roughly £1,805 to £1,923 a year depending on the product compared. Fuse’s July 2026 Fixed (15m) V17 was reported at £1,683/year on a 15-month term with a £100 exit fee, while OVO’s 1 Year Fixed with Boiler Cover was around £1,923/year on a 12-month term, also with a £100 exit fee. Those two fixed deals are not directly comparable, because the OVO price includes boiler cover and the Fuse price does not. On standard variable tariffs the picture is different: Fuse’s Variable Import and OVO’s Simpler Energy both came in around £1,805/year under the same price-cap assumptions, so a variable-to-variable switch between them would barely move your bill.

These figures are a dated snapshot for typical dual-fuel use, not a permanent market ranking. Both suppliers reprice regularly, and your actual annual cost depends on your usage, region, meter type and payment method.

Figures are indicative and may change.

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Who are Fuse Energy?

Fuse Energy is a newer UK domestic energy supplier built around a mobile app, positioned as a low-price challenger with competitive fixed tariffs. It launched as an electricity-only supplier and has since expanded to offer dual-fuel gas and electricity, plus multi-rate products aimed at electric vehicle owners and homes with time-of-use meters. Fuse is regulated by Ofgem, the same regulator that oversees every licensed GB energy supplier, so the standard consumer protections apply to it exactly as they do to larger, longer-established firms.

Fuse’s appeal is price and app-based account management. Press coverage in 2026 reported Fuse electricity unit rates undercutting the price cap, including standard variable pricing around 23.20p/kWh for electricity with a standing charge near 57.36p/day, though those are publisher-reported estimates rather than independently verified rate cards. If you want a fuller picture of how Fuse stacks up against the market, our Fuse Energy vs Octopus Energy comparison covers another popular head-to-head.

Does Fuse Energy supply gas as well as electricity?

Yes, Fuse Energy now supplies gas as well as electricity, so it can offer dual-fuel deals rather than electricity only. Fuse originally launched as an electricity-only supplier, which is why some older comparisons and reviews still describe it that way, but it has expanded into dual fuel. This matters directly for the Fuse Energy vs OVO Energy decision, because OVO has always supplied both gas and electricity, and dual-fuel supply from a single company is simpler to manage and can carry a small dual-fuel discount.

If your home has both a gas meter and an electricity meter, always compare dual-fuel prices rather than mixing an electricity-only quote with a separate gas deal, as it changes the total cost materially. Some of the very cheap Fuse figures reported in the press were electricity-only, so check whether a headline price includes gas before you treat it as a like-for-like comparison. Our guide on avoiding hidden costs on dual-fuel deals explains what to check before you commit.

Is Fuse Energy any good, and can you trust a newer supplier?

Fuse Energy scores well for its app and customer reviews and is a fully licensed, Ofgem-regulated supplier, so a newer name does not mean weaker consumer protection. Every domestic supplier in Great Britain, new or established, operates under the same Ofgem licence conditions, and the same rules on billing accuracy, complaint handling and credit-balance protection apply. Independent review scores for Fuse in 2026 have been strong, particularly for its app-based account management, though its overall review volume is smaller than OVO’s simply because it is a younger company.

The reasonable caution with any challenger supplier is that its track record is shorter, so there is less history to judge how it handles problems at scale. If that concerns you, weigh Fuse’s lower fixed price against OVO’s longer operating history and larger customer base. The key protection to understand is what happens to your money if a supplier fails, which the next section covers.

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What happens to your credit if Fuse or OVO goes bust?

Your credit balance is protected if either Fuse or OVO stops trading, because Ofgem’s Supplier of Last Resort (SoLR) process automatically moves you to a new supplier and safeguards the money you are owed. Under this process, run by Ofgem, your gas and electricity supply continues without interruption, your account is transferred to an appointed replacement supplier, and any credit balance on your account is honoured. You do not need to do anything in the moment except take meter readings and wait to be contacted by the new supplier.

This protection is identical for a newer supplier like Fuse and an established one like OVO, which is why supplier size alone should not drive your choice. The practical tips are to keep your account in modest credit rather than large credit, and to keep photos of recent meter readings, so any transfer is settled accurately. Ofgem’s consumer protection rules mean losing a supplier is an administrative event, not a loss of your energy or your money.

Are there exit fees for leaving Fuse or OVO?

Both Fuse and OVO charge exit fees on their fixed tariffs, with the fixed deals in this August 2026 snapshot each carrying a £100 exit fee, while their standard variable tariffs are exit-fee free. An exit fee is a charge you pay for leaving a fixed-term contract early, before the agreed end date. Standard variable tariffs never carry exit fees, so if you are on either supplier’s variable deal you can switch away at any time without penalty. Ofgem rules also let you switch away from a fixed tariff penalty-free in the final 49 days before it ends.

The exit fee matters most if you might want to switch again before the fixed term is up, for example if cheaper deals appear. On a 15-month Fuse fix, a £100 exit fee is a small fraction of a typical annual bill, so it rarely outweighs a genuine saving, but always weigh the fee against the saving from moving. Our explainer on how the price cap affects fixed tariff pricing helps you judge whether a fix is worth locking in.

See fixed and variable tariffs side by side

Fixed vs variable: which tariff type suits you?

A fixed tariff locks your unit rates and standing charge for the term, while a standard variable tariff moves with the Ofgem price cap and can rise or fall each cap period. On the Fuse Energy vs OVO Energy comparison this is the pivotal choice, because the two suppliers’ variable tariffs are priced almost identically, so the meaningful price gap between them only appears on fixed deals, where Fuse was cheaper in the August 2026 snapshot. The Ofgem price cap limits the maximum unit rates and standing charge a supplier can charge a typical direct-debit customer on a variable tariff, and it is reviewed every three months, so a variable bill is never fixed.

Choose a fixed tariff if you want price certainty and dislike bill surprises, and choose variable if you think cap rates will fall or you want the freedom to switch with no exit fee. A fix from Fuse at around £1,683/year would sit below both suppliers’ variable pricing of around £1,805/year in this snapshot, which is the core argument for locking in a Fuse fix if the price certainty appeals to you.

Which supplier has better customer service and reviews?

OVO has a far larger review base built over years of trading, while Fuse tends to score highly for its app and switching experience despite being a younger supplier with fewer reviews. Independent 2026 review scores put Fuse ahead on satisfaction in some roundups, driven largely by its app-based account management, though its smaller sample size makes those scores less settled than OVO’s. OVO grew substantially after taking on SSE’s domestic accounts and now serves a large customer base, so its service is judged across a much wider spread of situations.

Service quality is personal, so weigh recent, verified reviews rather than any single score, and consider how you prefer to manage your account, whether by app, phone or online. If app-first management appeals, Fuse is built around that; if you want a large established provider with broad phone and online support, OVO fits that better. For wider context on how the biggest suppliers compare on service, see our big suppliers comparison guide.

How to switch to Fuse or OVO with confidence

Switching to Fuse or OVO takes a few minutes online and completes within around 21 days under Ofgem’s switching rules, with a 14-day cooling-off period during which you can cancel. Start by taking a current meter reading and finding a recent bill, so you can enter your annual usage in kilowatt hours (kWh) for an accurate quote rather than a rough estimate. Compare dual-fuel prices for your postcode, because energy rates vary by region and a national headline price may not match your area.

Check three things before you commit: whether the quote is fixed or variable, whether it includes both gas and electricity, and the exit fee if it is a fixed deal. A smart meter is not required to switch, and you keep the same physical supply and pipes, so there is no interruption to your gas or electricity. If you are weighing Fuse against other suppliers as well, our Fuse Energy vs E.ON Next comparison is a useful next read.

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Information correct as of 10 August 2026. Prices, tariffs, policy details and providers change frequently, so please check the latest details before making a decision. This article is for general information only and does not constitute financial advice. Free Price Compare is authorised and regulated by the Financial Conduct Authority (FCA).