OVO Energy is one of the UK's largest independent energy suppliers. The company follows the motto 'Cheaper, Greener, Simpler'
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About OVO Energy
OVO Energy's philosophy is to keep things simple. The supplier offers 100% renewable electricity on its plans as an upgrade, with five trees planted on every green customer's behalf.
The independent supplier was founded in 2009 with the aim to make energy cheaper, greener and simpler. OVO has expanded its vision to blend natural energy with smart technology to offer great service and renewable electricity.
OVO Energy’s customer service teams are based in the UK and pride themselves on providing clear and easy to understand bills.
The supplier also has a charitable arm with its OVO Foundation, helping to fund projects including energy access, youth poverty and education.
Learn more about OVO Energy in our Meet the Small Suppliers interview.
In March 2019, OVO Energy announced a 10% increase to prices on its standard variable tariff, to come into effect 1 April 2019. The supplier was one of many to raise prices in reaction to Ofgem's price cap increase.
In September 2018, OVO Energy announced it would be increasing energy prices for variable rates tariffs, as well as removing discounts for online account management.
The gas and electricity supplier stated that due to a 15% rise in wholesale energy costs. The rise would take effect 17 October, 2018.
Taking on Economy Energy customers
In January 2019, Ofgem announced that OVO Energy would be the supplier of last resort for customers of Economy Energy, which had ceased trading earlier in the year.
OVO Energy was chosen after a 'competitive process' was run by Ofgem to ensure the new supplier would provide a competitive tariff and honour existing credit balances and Warm Home Discount payments of Economy Energy customers.