What do I need to know about Energy Tariffs?

1. What tariff are new OVO Energy landlord customers placed on?

New customers (including landlords) who join OVO are automatically placed on the Standard Variable Tariff (SVT).

2. How is the SVT price set?

The SVT price is made up of a unit rate (per kWh) and a daily standing charge. Rates are set by suppliers but capped by Ofgem, with slight regional variations.

3. Can I switch from the SVT to another tariff?

Yes. Customers can move at any time to a fixed-rate tariff (with OVO or another supplier). SVTs have no exit fees, so switching is easy.

4. Do SVT rates vary between suppliers?

Yes. While the price cap sets the maximum, suppliers may charge slightly less to stay competitive.

5. What tariff options are available?

• Fixed-rate – Locks in rates for 12–18 months; protection from rises but may carry exit fees.

• Standard Variable (SVT) – Flexible, no exit fees, but prices move with the market.

• Time-of-Use (e.g. Economy 7/10) – Cheaper energy at off-peak times, suited to EVs or high night usage.

• Green / Dual-Fuel / No Standing Charge – Options for eco-conscious or low-usage households.

6. What’s the latest on prices? (August 2025)

• The current Ofgem price cap sets a typical dual-fuel bill at £1,720/year.

• From October 2025, bills are forecast to rise slightly to £1,737/year.

• Fixed tariffs may currently offer better value than the cap, especially for those wanting bill certainty.

• Flexible “time-of-use” tariffs are being expanded, with potential savings of up to £200/year for households using smart meters, EVs, or heat pumps.