I’m currently on a standard variable (like most people) for gas and electricity. How much extra would I pay if I was to cancel my Direct Debit and pay monthly via BACS on receipt of bill?
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Cancelling Direct Debit - how much extra for standard variable payment on demand?
Best answer by Blastoise186
Updated on 23/01/25 by Abby_OVO
Be aware, if you’re on a fixed rate plan, that cancelling your Direct Debit will cancel this plan and you’ll be moved onto the Simpler Energy On Demand plan automatically.
It’s around £200 a year extra to pay that way. Tbh if you’re going to do it, paying by debit/credit card, Google Pay or Apple Pay will be way faster than BACS, shows up immediately and reduces the admin load on OVO’s teams.
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