Today, we’re sharing some important news about OVO.

Announced today:

https://www.ovoenergy.com/an-update-about-ovo

It’s not clear if OVO sells the business or just joins the bigger energy group? 
Either way, not happy about it. 

I’m not happy either. I moved to E.ON to get away from OVOs debacle over the EV tariff. 🤔

You are safe, E.ON is not going to become OVO 😁

will Eon have E10 meters if they buy ovo

I hope that, if OVO and E.On do become part of the same group that it will mean that OVO will introduce tariff choices similar to those offered by E.ON. They have some interesting time of use tariffs that could benefit some users.

Morning ​@delboy61, I hope you’re well.

From a quick Google search, I can see that Eon do offer Economy 10. I found this information on their website here.

For now, you’ll remain supplied by OVO. The sale needs to go through a regulatory approval process, and we’ll share more with you as soon as we have further info.

Morning all, as it stands, we have no further info to share on the Forum than that which is included in the link ​@Firedog has shared. We’ll of course let you know as soon as we have more news. As it stands, the acquisition is awaiting regulatory approval, and it’ll be some months before any changes are made, should the acquisition happen.

As ​@Ben_OVO said, it’s still awaiting regulatory approval.
In the words of Lance Corporal Jones: "Don't panic!".

When approval takes place and I am sure it will, will it be in 2026?

How will it affect my solar/battery warranty that is only a year old?

Thanks

Kevin

'The sale' - could you please explain who is selling to whom?

Thanks.

Paul

Ovo to E.ON

Hey ​@Ksansbury 

Until confirmation from the proper regulatory processes taking place nothing changes for OVO and EON customers.

Once we do have confirmation, we hope to have lots more updates and information to share once we understand what’s happening with the acquistion and what this means for all affected customers.

Sorry we cannot offer more in terms of expectations at this moment in time.

I am a little concerned, I’m having a Hypervolt Pro 3 fitted on Thursday. Obviously checked all works with my Tarif and vehicle (Volvo C40 single). I looked at Eon with the news of a possible buy out and their site said it wasn't compatible. How can this be do they have different electricity than OVO? I’m very confussed.

Hi ​@DFC202 ,

Nothing is changing at the moment so I wouldn’t worry too much - if you’re with OVO now then the Hypervolt 3 Pro is fully compatible with Charge Anytime and will remain that way for the foreseeable future.

Or perhaps:

Or perhaps:

 

Let's hope not.

The detail is that Eon use Kraken to manage the charging and OVO use Kaluza. Even though OVO is being sold to Eon those customers who were OVO will still use Kaluza so nothing should change. The electricity is all the same but it is managed differently in individual companies but you will still be an ‘OVO customer’ under the Eon brand. Think of it as a branding exercise and nothing changes internally.

Peter

Was it the part of the deal, to keep the name three letters long, two vowels and one consonant, with at least one of them to be “O”? 😄

To the tune of ‘Old Macdonald ...’, E-O-NO-V-O.

Ive just had to cancel my Home Services agreement after shocking lack of service . I wondered why it took more than 10 days for OVO to respond to my cancellation. I wonder if Hometree are any better, although I must admit Ive never heard of them.

I had to cancel due to a boiler issue where the “Engineer” turned up and didn't even look at the fault as he said something to the effect that the firm I work for won't pay to try and fix that. Ive had the massive cost of a new boiler fitted and now to add salt in the wounds, because we had 1 call out (which cost me £60) they charge a £120 cancellation fee!!!!! I like OVO or should I I say liked…..

Kathryn Porter (of Watt-Logic fame) makes her personal comments on the current state of the retail electricity market after the E.On - OVO merger: Swings and roundabouts: the retail energy market consolidates again.

I subscribe to Katherine as well and she does tend to come out with good observations but she is a bit fossil fuel biased but usually on the basis that our headlong rush for renewables (remember that it was only 10 years ago that we were ramping down coal in a major way) has perhaps been more expensive for the majority of people that it perhaps it needed to be. I'm not saying that is an overly bad thing. I am massively benefiting from the disordered integration of renewables into a system (CfD, negative pricing) that was (and still is) ill equipped to accommodate them but people who are not able to take advantage of that have been significantly disadvantaged and are poorer as a result. And maybe this is contributing to the level of debt that remains unpaid and eventually falls to others to pay.

Peter

She says “More broadly, the transaction indicates that the “challenger supplier” era is effectively over, and after the collapse of dozens of suppliers during the energy crisis the market is consolidating back towards a handful of very large, heavily capitalised players with sufficiently strong balance sheets to absorb volatility, regulatory change and working capital stress. Ironically, one of the companies that spent years presenting itself as the technologically superior disruptor to the incumbent utilities has now been absorbed by one of them.”

Honestly, I’m not that surprised, as this is common in many other industries. The little guys (or disruptors, as they’re often called) come along with a better product or offering, only to be snapped up by a bigger fish further down the line. 

Peter E wrote:

The detail is that Eon use Kraken to manage the charging and OVO use Kaluza. Even though OVO is being sold to Eon those customers who were OVO will still use Kaluza so nothing should change. The electricity is all the same but it is managed differently in individual companies but you will still be an ‘OVO customer’ under the Eon brand. Think of it as a branding exercise and nothing changes internally.

​@Peter E this is a great way of putting it, and exactly right. Everything will be business-as-usual for some time yet.