Will OVO reduce their EV Rate?

Worth noting that OVO CA is intended to work 24/7 whereas most others are overnight only - the higher rate covers the extra costs of allowing daytime charging.

If the recent upstream changes allow for the levy stuff to be yanked from the CA rates, OVO will probably see what they can do. Can’t make any promises, but I wouldn’t be surprised if someone is having that discussion in the office.

As you point out, the reductions you’re seeing are the result of the 3.5p per kWh cap reductions (which are in turn effectively to do with dropping Renewables Obligation and Energy Companies Obligation costs out of bills and moving them to general taxation).

OVO have a page about their approach to that here:
https://www.ovoenergy.com/help/article/levy-reduction

As OVO run Charge Anytime as a credit/discount style add-on scheme, rather than a specific dual rate tariff, I wouldn’t expect to see the 14p rate be reduced to 10.5p like you’re seeing with E.ON or Octopus etc., though I will be pleasantly surprised if I am wrong with that expectation.

whilst those comments are valid, we used to have a rate of 7p anytime.  I am not asking for a 3.5p rate, but a reduction to at least 10p, shows OVO are passing on some of the savings.  

Will Ovo Anytime rate be reducing in line with the April price reduction?

It went up double, from 7p to 14p?

it would be nice if it reduced a little to help OVO 's loyal customers!

Hi ​@Sandychc ,

Nothing has been announced in that regard at this time. The discount is because specific levies have been terminated - if those levies aren’t baked into the Charge Anytime rates (and there’s a good chance they are not), then nothing will change there.

If this was because the fuel itself got cheaper, that’d be the main trigger to drop the rates.

Either way, what WILL drop is the main Unit Rate for whatever tariff you’re on so you’ll get at least some benefit regardless. There is a 100% removal of the Energy Company Obligation scheme levy from your main tariff and a 75% reduction in the Renewables Obligation scheme from your main tariff from 1st April 2026. Regardless of anything else, these two elements will either cause your bill to drop a bit, or mitigate other increases.

So with many other companies lowering their pkwh charges will OVO be following them?

Hi ​@GTi ,

Unfortunately… Probably not. The reductions are the result of levies being yanked from regular rates - and I suspect these levies never applied to CA rates so there’s nothing to remove. You’re already benefiting from not paying those levies while using CA.

However, your main rate WILL see a drop so you’ll benefit regardless.

I would love to pay only 14p/kwh for my regular electricity usage at home.

Might I suggest that with current discounted EV charging rates you are being treated exceptionally favourably because the UK Government wants to encourage EV usage and get rid of petrol/diesel powered vehicles.

I would imagine that the current oil price situation and the effects at the petrol pumps  will encourage many more people to consider the switch to EV’s.

However things will change and you will find that the high taxes on petrol will be moved over to EV motoring and usage in some form or other. (That’s already started).

Enjoy your cheap EV charging while it lasts.

In case you don’t know the 14p rate only applies to car charging not to the entire house & is double what most other companies charge! Thanks for your comment!