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Updated on 14/12/23 by Tim_OVO

 

Ofgem’s energy price cap limits what you pay for gas or electricity on a variable rate plan. You can see the latest information regarding the price cap levels and date changes on the Ofgem site here.

 

The way energy suppliers set prices is impacted by:

 

The price cap – set by Ofgem, the energy regulator. This limits the amount customers on variable rate plans will pay for each unit of gas and electricity and sets a maximum standing charge.

 

The Energy Price Guarantee – provided by the government to help households with energy costs during the energy crisis. It’s a discount on gas and electricity prices and is in addition to the price cap. It applies to both variable and fixed rate plans. If the Energy Price Guarantee (EPG) is above the level of the price cap, it won’t impact prices for anyone who pays monthly. 

 

What this means if you pay monthly for your energy

 

If you're on a variable rate plan, your unit rate and standing charge will change on 1st January, April, July and October, in line with the new price cap. We’ll write to you to let you know if this impacts you personally. Your actual bills will still depend on how much energy your home uses.

 

If you're on a fixed rate plan, the price cap doesn't affect prices for fixed-rate plans. We're keeping your prices as they are for the length of your contract to protect you from any price increases.

 

What this means if you Pay As You Go for your energy

 

All Pay As You Go prices are variable – these will change with the new price cap on 1st January, April, July and October.

 

Now's the time to send a meter reading

 

This will make sure your energy account is up to date. You can submit a meter reading now on your online account or through our app. If you’ve got a smart meter, you don’t need to send a reading. The smart meter will send this for you.

 

Priority Services Register

 

Need extra support? We can offer free help if you’re ill, have a disability or have a medical condition via our Priority Services Register.

 

Support available for customers who may be struggling with their bills

 

Here’s how you can apply for our Customer support package. 

Here’s our guide on debt and energy assistance.

 

Citizens Advice: Visit your local branch, or their websites: for England and Wales and for Scotland. You can speak to an adviser online, in person, or over the phone: 0800 144 8848 (England), 0800 702 2020 (Wales), and 0800 028 1456 (Scotland). 

 

National Debtline: Call 0808 808 4000 or visit their website.

 

Step Change Debt Charity: Call 0800 138 1111 or visit their website.

 

Have any questions about the price cap? See our Price Cap FAQs here.

Thanks for your clarification.

M

Thanks for your clarification.

M

It does vary a lot by local authority, but they were gjven money by the government to make discretionary payments.

https://www.gov.uk/cost-living-help-local-council

My mum got quite a lot of aldi vouchers  from a council official when she attended a free coffee morning before Xmas at a local community centre, there was no eligibility criteria other than being a pensioner for her local authority. She didn't know anything about the scheme, she just goes there with a friend usually. 

So it may be worth asking your local authority if they have any of the money left and if you can qualify for any of it as not all local authorities use the same criteria unfortunately. 

 

 

Hi I've heard that engery prices will be dropping as from next month does this go for ovo too ? 

Yup! New rates will be available at https://plans.ovoenergy.com soon!

When I was a lad there was a joke about a child wanting a Cowboy outfit for Xmas so his Dad brought him British Leyland ……… today delete BL and insert Ovo.

Since when has September had 31 days?

Did not get an email from OVO about January charges, I thought they were supposed to email 

new prices. 

Same thing has happened every time the prices have changed. If you call OVO they will tell you what the new prices are. Pain I know but they are helpful when you call.

Hi @mabels 

 

My email arrived on the 12th December and the email for my mother-in-law, whose account I manage, arrived on the 14th December. Perhaps it went into the spam folder?

 

Peter

 

I have never had an email from OVO, so maybe I am just unlucky!

Hi

I also got an email on the 12th Dec informing the change

Reply


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