why do ovo even though ive never missed a payment and im £110 in credit continue to threaten to raise my payment by £ 80 a month ,we are in the middle of a pandemic people are dying or losing there jobs and we get these threats to nearly double monthly payments based on ovo and there crystal ball and what you may or may not use energy wise over the next 6 months
Good morning
I’m really sorry to hear about this. I can’t access your account, but I can help you check a few things to give the right advice. It sounds like the platform might have made a mistake, but I can help you to check.
Firstly, can you fill out your forum profile please? It helps us to help you faster.
And if you can answer these questions, that would be great
- Are you a Duel-Fuel member, or just Electricity Only
- What tariff are you on
- Have you ever missed a payment
- Are your readings up to date on your account
- Do you have a smart meter
If you can answer those for me in your next reply, I can try to help you out.
Thanks
Updated on 04/11/24 by Abby_OVO
How do Direct Debits work?
A Direct Debit is an automatic monthly payment set up with your bank or building society. It means you can choose which day you want the payment to go out each month, and your bank will sort the rest.
Once a Direct Debit is set up, you don’t need to do anything else.
It’s often the best way to make regular payments, such as your energy bill.
Why paying by Direct Debit is the best way to pay
Direct Debit is usually the best way to pay bills because:
-
you get a cheaper rate if you’re on our variable Simpler Energy plan
-
you don’t have to think about it – it’s all done automatically each month
-
you don’t need to worry about forgetting or missing a payment
-
it can help you budget as you know how much is going out of your account each month and when
-
it spreads your energy costs evenly
My Direct Debit has changed recently. Will it change again because of the price cap?
Yes, it could change – but it depends. Your Direct Debit will be based on your new prices, as well as the energy your home has used over the past year. If the Direct Debit looks too high or too low, we'll let you know and it might be changed automatically.
This is to make sure you don’t build up unexpected debt by 31 March 2026. We always want to avoid that happening to you.
How does OVO work out my monthly Direct Debit?
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.
Why is my Direct Debit increasing when my balance is in credit?
This could be down to a few reasons. Sometimes, even if your balance is in credit, your monthly payments still need to go up.
Usually, this happens if it looks like your balance is going to drop below £0 by 31 March 2026. We want you to avoid building up any unexpected debt – we never want that to happen to you. So we work out if that’s likely by predicting how much energy your home will use, then checking if your payments will cover it.
It’s also useful for your balance to be in credit. It can act like a pot of money to cover those times when your energy use might be higher. For example, you’re likely to build up credit in the summer months when energy use is lower. But you might need to use this credit in the winter months when it’s colder and darker – and your energy use is usually much higher.
We regularly check your Direct Debit to make sure you’re paying the right amount.
Need more help?
We’ve got more details on understanding this Direct Debit calculator on the guide below,
Is there any support available if I’m struggling to pay for my energy?
There’s help available if you’re struggling to pay your energy bills – both from us here at OVO Energy and from government schemes and charities as well.
There are many ways we can help – such as setting up a payment plan for you, which spreads the cost of your energy to make it more manageable. If you want to find out about payment plans, you can request one online here – we’ll take you through what you need to do, and ask you for some details.
Our dedicated team is also specially trained to support you. They can make sure you’re receiving any financial assistance from the government that you’re eligible for, and take you through payment support schemes that are available.
You can find out more about these schemes and where to seek free, independent advice right here.
i pay my direct debit payment each month ,in the summer this payment will be more than what i use so as i can build up some credit for the higher winter bills ,as a result when my winter bills exceed my direct debit payments i still have enough in the account to cover this without having to pay more,if at some point my credit runs out i will make a top up payment each month to meet any shortfall. this does not give ovo the right to just raise my bill when they want when im not behind in payments ,if a customer is in debit each month then thats a different point of view this is just another problem ive had with ovo my account was changed in the summer, but ovo did not update my records so my direct debit payment went into the old account it took me numerous phonecalls and emails and nearly 4 weeks just to get them to give me my money back,then they had the gall to phone me because i was in debt because of it...
I’m really sorry to hear about that.
Could you check the Direct Debit Calculator in My OVO, to see whether it can recommend reducing your payments? You might be able to fix this yourself as long as your meter readings are up to date.
If you’re still stuck, please let us know here and we’ll try to help you out.
Thanks for the post,
Firstly the target is actually £0 by the contract end date. We achieve a 1 month credit buffer due to the payment being at the start of the first month. So on the 13th Jan, we want to see a vertical green line representing a payment.
As you say
The only reason we’re now suggesting an increate (unless there’s a fault, in which case we can’t comment, better to raise with our Support team), is because the usage we’re seeing is actually MORE then we anticipated, meaning you’re set to miss your £0 balance at end of contract target. No one wants that.
I’ll send you the master copy of the chart,
Just to add my point of view.
Having a gas supply that is the reverse of normal seasonal usage, has always caused problems with the automated projected usage systems over recent years, It has High usage in the summer / zero usage over winter.
My account is always fun this time of year when the weather starts to get colder
Today my recommended DD payment has changed yet again, only a +10% increase this time, so long as the status is only flagged as recommendation & not a requirement, I’m happy
Tom...
Wait… Zero gas usage? Do you turn off your gas supply all winter then?
To be fair, I’m also one of those weird edge case members. Because my usage throughout the entire year is always really low (I only pull around 100 kWh of eco juice a month on average!), I always throw the number crunching out of sync when seasons change.
It is something I’m keeping a close eye on however, since I can probably use my account to help train the platform to not be so eager to fiddle with payments when it’s not needed.
Wait… Zero gas usage? Do you turn off your gas supply all winter then?
Only 1 of my gas meters is shutdown for winter, my other gas meter & boiler are working overtime
Some ancillary electrical equipment used in conjunction with the now zero gas supply is also switched off for the winter, throwing my projected electric usage out as well.
The estimated usage for the now dormant gas supply had been dropping steadily over the last couple of statements as it has not had any usage since September, but it was still about double the actual kWh.
Now with the onset of winter, the estimated usage is back up by another 30%.
Hence the need to get my account & billing in order,
Tom...
OVO has just shown this for me after I have inserted my 12th month meter readings I just cannot understand “how” OVO expects me to give them £6,324 by DD for the useage of around £4300 to £4500 for the year cannot anybody offer an insight other than OVO stacking customers money without thought for there customers ?
OVO quote to me today 04/09/2022:-
“Your balance is set to be -£4,001 by the end of your 12 month billing period. Your minimum monthly payment should be £527”
Hi,
This one sounds like
I see OVOs founder Stephen Fitzpatrick empire including OVO has racked up £300m loss and OVO holding company Imagine Industries losses has widened in the last 3 years so perhaps there is a plan to recoup by hoisting DDs so as to cushion the business? There seems to be no thought for customers who been paying £175 and then £193 DD and have been paying there bills can suddenly jumped to £500+ DDs there is no thought about capability to be able to pay.
Prices are due to rise by an average of 80% in October, on top of substantial increases over the past 12 months. If you use more than the average, particularly of Gas, the increase to you could well be above the “average” increase figure. What OVO are saying is that based on your current consumption levels and prices operating from October 2022 your DD needs to be £527 per month.
The OFGEM average annual figure at October 2022 prices is £3549. That covers 3,100 kWh of electricity and 12,000 kWh of gas. You must i think use much more than the average. Plus there will be another substantial increase in prices from January.
If you wish to challenge their DD computation you need facts and figures not emotion. They are obliged to set your DD in a fair manner, but you have to accept that you do have to pay for what you use. Obviously if you use less fuel your bills will go down. Actions to save fuel that could be safely ignored 18 months ago, because fuel was then cheap, should now be pursued vigorously. Winter, the peak consumption period, is not yet upon us - you have a bit of time to put an energy saving regime into action.
The new PM will announce further measures to assist households soon. Whether these will assist you as compared to everyone else is currently debateable.
Sorry if its not the reaction you were expecting but forewarned is forearmed. *edited by mod*
Post submitted but awaiting moderation - because of one word where i should have used some *&^
Hehehe, yeah it’s pretty strict here! I always forget about the pre-moderation when I’m exempt from it basically everywhere!
https://forum.ovoenergy.com/members/sugarboat-38976
Its not the suppliers fault. Do you expect them to rack up losses while you escape pain. Get real!
OVO Help Chat advised me that I can cancel my monthly d/d. I am on SVR.
They said that I would indeed have more control over my monthly finances, & advised Pay on Receipt of bill or S/O.
So. I’m cancelling my d/d. I’ll monitor my account & pay online. I’ll even top up occasionally - as I have previously. But I will decide the monthly amount.
OVO Help Chat advised me that I can cancel my monthly d/d. I am on SVR.
They said that I would indeed have more control over my monthly finances, & advised Pay on Receipt of bill or S/O.
So. I’m cancelling my d/d. I’ll monitor my account & pay online. I’ll even top up occasionally - as I have previously. But I will decide the monthly amount.
Just want to set some expectations here. If you cancel the Direct Debit, you’ll be required to pay the entire bill every month in full. There’ll be no leeway to decide how much you pay or when once the bill is generated. If your account credit is high enough to cover the entire bill, it’ll get automatically cleared off, but otherwise you’ll need to pay the entire balance by the due date.
To be clear, you won’t get to decide the monthly amount either - the monthly payment will be the entire bill.
Thank you for the reply.
My current monthly d/d is less than what I use per month. I am in credit too. Not much.
I’ve drastically reduced my new boiler to just 30” a day & when winter hits us here in NE Scotland will only run minimum heating to prevent ice damage. I have a bio fuel fire now, new windows & radiator reflectors.
I genuinely cannot see how the proposed monthly increases are justified other than in OVO trying to manage customers budgeting for them.
I see. If you’ve only recently made those changes, it will take some time for OVO’s systems to catch up. The reduced usage will be identified and factored into the calculations, but it takes at least one season to get enough data to run the number crunching with - and that assumes regular meter readings are being submitted.
The upcoming price cap in October will only last three months and is roughly 80% higher than the one that’s active right now. The next one in January 2023 is said to be even higher than that. In addition, paying by any method other than Direct Debit is said to cost around £200 a year more, so you may find that you’re worse off by coming off of DD.
I think OVO is trying to help you build up some extra credit now to help you ride the storm, but ultimately it’s your choice. Just be very careful this winter.
I received an email to increase my DD though I am currently in credit of almost £500. Can't get a response from chat bot.. 40 minute wait and phone answered... No I don't want to increase my DD thank you, I will keep it as £200 per month and pay anything over at the time. Oh I can add a discount of 15% on CD to decrease your monthly payments.. No I think you misheard what I want to do.. Oh I can't do that why.. I'm your customer still willing to pay my bulk but I will pay as required.. No that's a different number and it's a 40 minute wait... Your conversation is not helpful at all.. Can I speak to a manage.. No I cant do that.. So if you want to keep DD if they allow me too when I call..*edited by mod* call this number 0800 069 9831.. Why didn't you add this number to the email ?? Oh I'll raise it .. I don't know if I will be allowed to keep my DD as £200 get however he said if I cancel my DD I will not be entitled to my discount... *edited by mod*
Does anyone know how to stop ovo upping my direct debit automatically? I am well in credit in my account and I'm not using the amount estimated from the last price increase
Hi
There is a way to do this. Please call the Collections Team on 0800 069 9831 and have a chat with them. They’ll be able to assess your account and if they agree that a three month Direct Debit freeze is appropriate, they can activate it for you.
Please be advised that you’ll still need to pay for what you use and may have to pay more later if your payments don’t keep up.
That's great thank you for the reply and info
Reply
Log in to the OVO Forum
No account yet? Create an account
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.