Ovo Energy

OVO Energy has today removed its range of variable rate tariffs from the market and at the same time made changes to their gas and electricity prices.

OVO Energy cite the recent increases of wholesale gas prices as the reason for this increase.
OVO Energy's latest rates are available with immediate effect at




Ovo Energy has hiked the price of what price comparison site Energyhelpline.com says was the market-leading tariff from £855 a year, based on average consumption, to £926.

Ovo blames a rise in wholesale costs, which is the price power firms pay for gas and electricity.

Energyhelpline.com says the new cheapest deal is Npower's Sign Online 18 at a typical £876 a year.

The news comes as tens of thousands of Npower customers are set to see their costs soar from next month.

Ovo founder Stephen Fitzpatrick says: "Wholesale prices have risen considerably since we last bought energy – rising by 20% in the last two weeks.

"To reflect this rise, we have returned our tariffs to the rates we were offering a month ago."

How to find the cheapest deals

Households can sometimes cut their bills by hundreds by doing a comparison of the tariffs available and switching

Those languishing on their supplier's standard tariff or who get bills through the post are almost certainly paying too much.

While the cheapest online deals for typical users are less than £900 a year, those on a standard tariff typically pay around £1,200.

When switching, don't believe the hype from the major firms which often claim they have the cheapest prices. The energy market is complicated so determining which is the cheapest provider for you depends on where you live and how much power you use.

New NPower Tariffs

npower has today, 6th April, launched two new tariffs: SOLv18 and Price Guarantee.

SOLv8 is npower's most competitive online tariff and is positioned to make it a very strong contender to OVO Energy's tariffs which have held the number one position across almost all standard scenarios since launch. Like more and more 'standard' type tariffs SOLv18 does come with early termination fees should customers decide to leave before 30th June 2011.

Price Guarantee offers the customer the ability to cap their energy prices up to 31st May 2011. Surprisingly this tariff carries no exist penalties. With these tariffs npower has made its position clear that it clearly wishes to operate in the competitive arena.

All indications would suggest that these tariffs will create a bit of a stir when UK markets open tomorrow.