New fixed rate tariff to start in August

​@Bendog & ​@Nukecad I hope you’ve had a look at the Ts & Cs for OVO’s fixed tariffs. I noticed, for example, that current Extended Fixed (22-month) plans no longer impose exit fees for a switch to a different one. That means it would be possible, say, if there’s a major change in the global situation next year or even in 2028, to switch to a more favourable one- or two-year fixed-rate plan without penalty. 

​@Firedog I do keep a spreadsheet up to date with the current fixes.

As I’m sure you already know OVO don’t usually apply exit fees for any tariff-hop.
Generally they only apply if you are switching supplier.

I have tariff-hopped in the past, ie. changed half way through one fix to another cheaper fix, with no exit fees applied, if you recall we had a discussion about it backstage in the PZH group.

At the moment SVT is much cheaper then any of the fixes being offered, so I will go to that until things change.

(Just to note that the figures below agree with my own spreadsheet when rounded up the the next whole £).

That was the whole point of my friendly warning. Up to a year ago, an Extended Fixed plan attracted a blistering exit fee whatever you replaced it with. I even had to complain last year to have this fee removed when I changed tariff during the old one’s renewal period - it was clearly very hard-wired.  This is the current situation, subject to change whenever, without notice:
 

I haven’t looked to see what the terms are for 1- and 2-year fixes.

TBH I’ve always regarded the ‘Extended Fixed’ as a bit of an oddball tariff.

It seems to be for those who can’t make up their mind if they want a 1-year or a 2-year fix.