Know Your Energy Supplier: Ovo Energy

December 10th, 2019

Ovo Energy:

Ovo Energy is one of the largest gas and electricity suppliers in the UK and has made a mark for itself as an independent domestic energy supplier. The Bristol based household energy provider was formed in September 2009 and has become one of the most popular energy suppliers in just a couple of years. A tough competitor for the Big Six energy providers, Ovo buys electricity from various sources and supplies it to more than 670,000 households. The company that forms 2.4% of the energy market share has won many awards and is regarded as one of the best energy suppliers in the UK.

Winner of the ‘Supplier of the Year’ award, Ovo has won accolades for excellent customer services, meter services, value for money, green services, best energy deal provider, billing services, online services, energy efficiency and more. It is also considered as the most recommended domestic gas and electricity supplier in the UK market.

Ovo and level of customer satisfaction:

In 2015, Ovo Energy won 93% votes from customers across the UK and was touted as the best energy supplier of the year. It also topped the list of best energy suppliers of 2014.

The company provides 33% renewable electricity and maintains exceptional services for online account as well as paper billing. The company also offers a 3% interest reward on the credit balance of the customers.

Ovo Energy is regarded highly for its efforts towards environment conservation. The gas and electricity provider has a charitable initiative that works to protect the Amazon rain forests.

Ovo and the price rise scenario:

Famed for being a cheap energy supplier, Ovo Energy raised its dual fuel standard tariff prices by 5% in November 2016. The change was brought in effect from 10 January 2017 and affected 122,000 Ovo customers. The direct result of the dual fuel price rise was that on average household now pays around £1,054 instead of £1,004.

The company announced a 10.4% price cut in its dual fuel standard tariff in January 2015. The price change came into effect from March 2015. According to Ovo Energy, the reduction in energy prices would save every household a big sum of £65 annually. By announcing such cheaper energy deals along with providing efficient service, the company has been successful in retaining customers across the UK.

In February 2014, the company reduced its Fixed Energy tariff which made them highly popular and got them a rank on the energy best buy table.

29th June 2014 witnessed Ovo making a reduction of 4.5% on its dual-fuel energy tariff. This change had a strong impact on reducing individual gas and electricity bills as it brought down the electricity prices by 4.8% and gas prices by 4.4%.

To get more details about the current energy tariffs from Ovo Energy, as well as its cheapest energy quotes online and other useful information, just go through our website or call our team of meticulous energy price comparison experts on 0203 4757 476. You may also like: Ovo Energy Cancellation Fees

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