You are here: Home - Household Bills - News -

Ovo Energy hikes bills by £135 a year

Written by:
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.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
More UK investors mixing morals and money

Returns aren’t the only thing concerning investors these days; it seems morals and values are playing an increasingly important role.