How we work out your Direct Debit amount

To work out your monthly Direct Debit amount, we:

• look at your energy use so far and estimate how much you’re likely to use by 31 March 2026. This includes any costs, such as standing charges and add-ons
• take away your current balance, factoring in any credit or debt
• divide the result by the number of payments left until 31 March 2026, which gives us your monthly amount

We aim to bring your balance to £0 by 31 March 2026. This way, you won't owe us anything, and we won't owe you anything, making it easier to manage your energy costs.

We regularly check your Direct Debit to make sure your balance is on track.

After receiving 3 requests to increase the direct debit I cancelled it as I did not wish OVO to be my banker and hold excess funds.

I am so fed up with being told I have to have a direct debit even after submitting meter readings  each month and paying the balance in full. Yet again this month because I took the readings and paid I week early I am told I have a balance, of course I have a balance as everyone does who uses electricity daily and pays once per month.

As I do not pay in advance for my groceries I have no intention of paying in advance for my electricty I do not know how much I will use and neither do OVO.

I have now compared suppliers and OVO do not compare favourably with any other I am changing to a more customer friendly company.

Sorry to hear this, @blackbart - our Direct Debit process for fixed tariffs aim to get you to £0 by your contract end date. That’s the goal, and that works for most. See what Eva here for more info on paying ‘in advance’:

With Simpler Energy, you don’t need to have a Direct Debit set up at all, and you can make payments after charges like you describe. For our fixed plans, a Direct Debit is required. You might also have early contract termination fees if you switch to a new supplier, if it’s more then 6 weeks before the end of your contract. More info on this here. 

Any questions of feedback, leave a comment below. 

Hope this helps,
Tim

Perhaps you need to train your staff as I am on the Simpler energy plan and as Eva stated

With Simpler Energy, you don’t need to have a Direct Debit set up at all, and you can make payments after charges like you describe. 

I have had two days running 30th June and 1st July one of your staff insisting I submit a Direct debit.

I would also point out the amount outstanding 9aULKY as

I would also point out the amount outstanding (which I have now paid) is the difference between my submitted readings  on 14th June and your estimated reading on 20th June. If you insist on charging for estimated readings even when readings are submitted there will always be an underpayment.

My contract also states there are no exit fees.

Ahhh yes you’re spot on there, @blackbart - Simpler Energy plans don’t require a Direct Debit and have no leaving fee. I’m really sorry to hear that you’ve been advised otherwise!

All sorted now? If not, our web chat team are less then 60 seconds away, and you can easily link them to this thread if case there’s any doubt. Find their details are the bottom of this page.

Tim