I guess my question is why when renewable energy is being pushed for both in the market and by OVO, and green tariffs addons have been introduced why has renewable green energy actually decreased and what (if anything) are OVO doing to reverse this change in 2019?
Best answer by Tim_OVO
This looks like our first out and out topic on OVO's fuel mix, so we're expecting the chat to continue here in 2019 - you've been warned!
If our customers choose the Green Energy add-on they will get 100% renewable electricity. That's for sure!
For anyone else, we guarantee their electricity will come from at least 33% renewable sources. That's much higher then the national average!
The reason it's dropped in our fuel mix is because of wholesales costs. We do absolutely everything to get the best deal for our customers. If wholesale renewable prices are low, you better believe we're going to be buying that for our customers, passing the savings on via our latest price propositions. It's for that reason that our fuel mix for renewable was higher then 33% at times, in the previous two years.
Hopefully cheaper renewable prices will become an ongoing trend. One thing's for sure, the more people that choose our Green Energy add-on, the higher the demand, and history tells us that when demand rises, so does supply!