Ovo Energy: the UK's cheapest energy bills?

Ovo Energy is challenging the 'Big Six' to be named the UK's cheapest energy supplier.

The Gloucestershire-based company launched its energy plans this month (September 2009) and is currently the cheapest energy supplier for domestic duel fuel tariffs in 12 out of 14 regions in the UK.

Ovo Energy is the first new energy supplier to enter the UK market in years and aims to provide customers with a simple option in crowded marketplace by offering just two tariffs - a standard energy plan and a green energy plan, both of which are set at a fixed price for 12 months.

The company also claims that its standard tariff is the greenest available on the market, and derives 15% of its energy from renewable sources, including electricity generated by wind turbines and landfill gas.

Will Marples, uSwitch energy expert, commented 'It's exciting to see a new supplier enter the market, and broaden choice for customers. It is a sign that competition is active in the energy market.

'As always, the message is that customers should get themselves a customised quote on the price for all available tariffs, and to see which best suits their individual requirements'