How much are the standing charges being dropped by OVO on the fist of January next year.
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Mine has gone down by 0.08pÂ
OVO’s rates for next quarter haven’t been published yet, although they may be available from next week or so on the Renewal page.Â
The standing charge mandated by Ofgem will hardly change at all - a reduction of between 4p and 8p per year, depending on where you live. You can see the price-capped rates for your region on this page:Â Get energy price cap standing charges and unit rates by region | OfgemÂ
Adding to my earlier response, I see that quotes on the Switch page now show the rates applicable from 1 January 2025.
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