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Ovo Energy hikes bills by £135 a year

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Ovo Energy is increasing the price of its standard variable tariff by £135 a year from 17 October.
Ovo Energy hikes bills by £135 a year

It is also removing the online discount from its variable plan.

The firm blamed an increase in wholesale energy costs, which it said had risen by over 15% since June, for the price rise.

The changes to its standard variable tariff – known as Simpler Energy tariff – mean customers who currently receive the online discount will pay £1,225 a year, up from £1,090 – a 12.4% increase. Customers who don’t get the online discount will pay £1,225, up from £1,150 – a 6.5% rise.

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