Stop struggling with your energy bill — uSwitch's bill breakdown is here to help
Reading your your energy bill and what you're being charged is crucial to understanding your energy costs and, more importantly, keeping them under control.
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But if slogging through your latest energy charges doesn't sound appealing, we don't blame you. Only one in four report being able to understand the calculations on their bills.
That’s why we’ve taken a sample OVO energy bill and made it very clear where to find key information. We've even included tips and advice so you can best understand what your energy is costing you and make the most of your energy plan.
Please note: this sample bill may not look just like yours (bill info varies based on your meter type and method of payment), but the format will be similar.
More info about your OVO energy bill
New requirements from energy regulator Ofgem in 2014 meant many suppliers made major changes to the appearance of their bills.
These changes were designed to make the information clearer and easier to understand. But there are some things to keep in mind before using these new tools.
"Could you pay less?" Your supplier will tell you if you are not on their cheapest plan. If you're not, they will state their cheapest plan currently. This was designed to keep people from sticking with overpriced, "dead" tariffs.
Keep in mind that this is only your own supplier’s cheapest, and may not be the cheapest energy plan on the market. (You can compare energy prices to get a full-market look at what's out there.)
Tariff Comparison Rate (TCR) This helps you understand how your plan as a whole stacks up when compared to another supplier's. Even though it's on your bill, this is not the rate you actually pay. Because a unit rate isn't the only cost that factors into your bill, a TCR takes into account items discounts and standing charges.
Be aware that TCR is based on a medium energy user, and you may not fit into this group. Again, the best way to compare plans is to run a comparison using your postcode and consumption.