I find it hilarious that OVO advises me to increase my direct debit from £85 to £160+. A month on a two up two down townhouse when I switched because they were cheaper than my previous supplier. . Don’t they realise I will simply switch back . Lol
Best answer by Transparent
Updated 09/03/21: Check ins are done every 3 months, more info here.
Ah, well if you've been an OVO customer since the summer, then I understand the price hike better.
The £160 also has to cover the months when the £85 was inadequate to cover your usage. So, for example, if you've been a customer for 6 months, then half the increase is due to ongoing future usage, and the other half is to cover the deficit of the earlier period of the contract.
That puts the real electricity bill at more like £120 /month.
That still sounds high for a 2-up/2-down house. But I don't know if you're using electricity for
- central heating
- domestic hot water
- an electric vehicle (!?)
There is still the outside chance that your meter readings are erroneous, but only you can tell that by comparing with your previous supplier. If the readings are correct, then the electricity's going somewhere!
In my experience, I've lowered my energy usage more by installing insulation and sensible controls than I have by incorporating renewable energy sources.
You can find out more information on how Direct Debits are calculated on this topic.