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Ovo Energy hikes bills by £135 a year

Joanna Faith
Written By:
Joanna Faith

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

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.