Energy Choices

Energy Choices

October 22, 2009 10:34 ET

OVO Energy Offers Cheapest UK Energy Bills

LONDON, UNITED KINGDOM--(Marketwire - Oct. 22, 2009) - OVO Energy, launched just last month, has slashed its prices to offer the cheapest gas and electricity bills to typical households in 13 out of 14 regions in the UK.

Now leading the best-buy tables, OVO Energy is based in Gloucestershire and launched its service with many of the cheapest tariffs around. It was soon outdone by some of the more established suppliers but has decided to fight back.

The OVO New Energy plan is now the cheapest for average fuel consumption if customers choose the dual fuel plan and pay by monthly direct debit.

Although OVO promises the best prices for the typical household, the only way to find out whether your household is 'typical' and who you'll get the best deal from is to compare energy prices. The comparison service is one of only two that will compare OVO's low prices against tariffs from all the other suppliers in the UK.

OVO claims that it can keep costs low simply because it's a new company using the latest technology to drive its overheads down. For instance, the OVO New Energy plan uses a paperless billing system, meaning that customers will receive bills via email. And it even uses 15% renewable energy, even though this isn't OVO's 'green' tariff.

As well as OVO New Energy, the company also offers OVO Green Energy, which offers 100% renewable energy at a reasonable price.

OVO Energy is the first company to enter the UK market in years. It has promised to offer simple tariffs and UK-based customer service.

Chris Eagle, commercial manager at, said: "When OVO entered the market, they promised a simple, competitive service, and it's good to see they're committed to seeing this promise through. Hopefully this will drive other suppliers' prices down, and UK customers will get a good deal on their gas and electricity this winter."

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