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Tim_OVO
OVO Staff
OVO Forum Legend
August 11, 2020

Time of Use (TOU) tariffs and how to compare your prices with other suppliers - discussion

  • August 11, 2020
  • 43 replies
  • 2446 views

Updated on 18/06/26 by Ben_OVO

Whilst OVO doesn’t currently offer a dynamic ‘Time-of-Use’ plan, check out our latest ‘Type-of-Use’ plan - Charge Anytime which gives you an exclusive rate for EV charging.

Check out our grid balancing scheme that rewards you for shifting peak usage:
 

 

 

Time of use tariffs

 

These are tariffs/plans which have ‘dynamic’ pricing. The unit rates change at different times of the day, rising at peak demand, and falling during periods of low demand. Here’s more info on TOU tariffs. 

 

As TOU tariffs start to become available to UK energy consumers, I want to ensure we have a space (this topic) to debate and discuss how a customer is going to be able to compare prices between suppliers. 

 

How will consumers quickly and easily check whether they could pay less?

43 replies

Newcomer
February 17, 2022

While that is true, in April we will have a higher price cap, one that is profitable again, and there should be room more different tariffs. ToU is certainly something that makes sense, and it is a shame that we have so few options on the market. OVO really should consider launching one - ideally one that is different from the existing options. I am also still waiting for a three-tier tariff: low, normal, and peak time. 

BPLightlog
Super User
Super User
January 11, 2023

Wow - this was a really good discussion over 2 years ago. Whilst things have changed in the market generally, I do think that this needs resurfacing as it is vital (in my view) to make progress in carbon reduction

Bring me Sunshine ~ E&E {Solar PV, Battery Storage, Hybrid EV, ASHP and Home Assistant automation}
BPLightlog
Super User
Super User
July 18, 2024

Wow - this was a really good discussion over 2 years ago. Whilst things have changed in the market generally, I do think that this needs resurfacing as it is vital (in my view) to make progress in carbon reduction

Another year on and no real additional options for ToU except for a couple of other suppliers. 
Re-reading this thread, one of the questions posed was looking at how users could compare pricing to ascertain if they could ‘pay less’.

Linked to another subject on a publicly available api to enable further interrogation of usage and cost, there are a number of offerings others can point to which do exactly that. 
I currently use Octopus Agile and continue to look at a wholesale tracker pricing to see which is best for my usage profile. This is available each day and can be examined by day, week, month and year. 
I continue to look for something from OVO to offer in this area

Bring me Sunshine ~ E&E {Solar PV, Battery Storage, Hybrid EV, ASHP and Home Assistant automation}