Will OVO introduce variable DDs where a smart meter is installed?
Best answer by Tim_OVO
This is an interesting question,
I’ve taken the info below from this topic on Direct Debit calculating. Is there an advantage to have a Direct Debit change within a contract? Isn’t it better (for example, for budgeting) if this payment is roughly the same all year round?
How do you calculate my Direct Debit?
When you come on supply with us, we’ll use your annual usage figures to calculate how much your energy will cost over the year. Once we’ve got the annual amount, we’ll divide this into 12 - this will give us the Direct Debit amount.
If you haven’t got your annual usage figures, we’ll use the national averages. You would then need to send us regular readings for at least 3 months, then we’ll manually calculate your payment amount using your projected usage. More info on this here