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Rank 2
July 16, 2024
Solved

Switching to a new plan during fixed term contract? Will I face an exit fee?

  • July 16, 2024
  • 36 replies
  • 2422 views

I am currently paying about 28p per unit in a fixed plan until November.  Since rates seem to have dropped to around 22p according to plans.ovoenergy.com for my postcode. it seems to me it would make sense to switch.  Will OVO allow the switch even though I am still within my fixed rate contract? 

Best answer by Firedog

Updated on 14/07/26 by Abby_OVO

 

You can switch plans whenever you like. The problem is you may have to pay the exit fee specified on your Plan page.

 

You may be able to get round this by upgrading, e.g. going from a one-year fixed rate tariff to a two-year. It rather depends on the terms of your contract; the confirmation email you got when you signed up for your current plan will include a link to them. 

 

Of course, depending on your usage, it may still be worth your while to switch and pay the exit fee. You’d have to dust off the slide rule to find out how much you might save by going for a cheaper tariff; if it’s more than the exit fee, it might be worth it. 

 

You can renew your plan on your online account during your renewal period. Check out the topic below to find out how to do this:

 

36 replies

Nukecad
Super User
Super User
July 30, 2025

Fair enough if you are willing to take the risk with what is a fairly new supplier.

After all it's not that long since OVO was the new kid on the block.

Everyone has to start small and hopefully Fuse have done their sums and are not undercharging.

(PS. I'm sure you know that small/new supplies undercharging and so going bust a few years ago is one reason why Standing Charges rose, we are all now paying for their company failures).

Personally I would take some convincing to go with a ‘newbie’ supplier.

I said, Hey - Watts going on.
Newcomer
July 30, 2025

Nukecad  I’ll let you know in the future if i’ve dropped a clanger 🤣🤣

Newcomer
March 17, 2026

Beware OVO customers on a fixed contract.

OVO have screwed up this morning and deducted £100 Exit Fees from your account.

This is an IT glitch connected to their preparation for UK governments price reductions that are coming in  1st April.

OVO say they are aware of affected accounts and will be correcting them.

 

Nukecad
Super User
Super User
March 17, 2026

Thanks for the heads-up,

However I’m on a fixed contract and I’m not seeing any such deduction showing on my account at the moment.

If it was a glitch then presumably it has now been corrected (or isn’t affecting all fixed accounts)?

I said, Hey - Watts going on.
Newcomer
March 17, 2026

The £100 was credited back to my account by 12.45 today

Chris_OVO
Community Manager
Community Manager
March 17, 2026

Hey ​@spudonhill

 

Thanks for letting us know! I haven't heard anything about this being a widespread issue, so it seems like it might just be affecting a few accounts like yours. I'm really glad you reached out to support and they were able to fix things so quickly. If you have any more questions or need further assistance, just give us a shout 😃

Renewable energy jokes never get old.
Firedog
Super User
Super User
April 22, 2026

The recent unprecedented fiddling with fixed tariffs at government diktat had suppliers scrabbling around to find workarounds within their existing billing frameworks. OVO decided that the way forward was to determine fixed tariff contracts on 31 March 2026 and start new ones on 1 April 2026. This was probably fair enough as a one-off stop-gap workaround.

However, looking at the special terms and conditions for Extended Fixed tariffs, I see a potential bone of contention:
  

6. Early exit fee

  
If you joined OVO Extended Fixed on or before 01 August 2025

6.1 If you change your supplier or plan for electricity or gas, or both, before the Fixed End Date, we may apply an exit fee of £75 for each fuel (Early Exit Fee).

If you joined OVO Extended Fixed after 01 August 2025

6.2 If you change your supplier for electricity or gas, or both, before the Fixed End Date, we may apply an exit fee of £50 for each fuel (Early Exit Fee).


These terms were last modified in August 2025, (I think) long before anyone was thinking about how to vary fixed prices. I suppose it rather depends on what ‘join’ means in this context, and lawyers would no doubt have fun debating that. The man on the Clapham omnibus would, I’m sure, think that the relevant date was that when the current contract started. I suspect, though, that OVO’s legal eagles think otherwise, arguing that they wouldn’t have used ‘join’ to mean ‘enter into a contract.’

My Extended Fixed contract expires later this year, so I’m considering changing to a different OVO fixed tariff while they’re still not totally unmanageable. Will I be charged an early exit fee if there are more than 49 days to go to the end of the current fix?

 

Noel | I have no official status; I'm just a volunteer who comes here to help other customers. My gear: Aclara SGM 1416-B Electricity-only E7 meter; Chameleon IHD3-PPMID-AAA | It may look as if I know what I’m talking about, but don’t let that fool you. |
Rank 12
April 22, 2026

I am so glad that you have brought this up. How do I find what fixes are available to me now even though there are more than 49 days before the end of my current fix? Many companies do not charge early exit fees if you remain with them and choose a new tariff.

Firedog
Super User
Super User
April 22, 2026

How do I find what fixes are available to me now even though there are more than 49 days before the end of my current fix? 
 

@Bendog All available tariffs are listed on the Our prices | OVO Energy page. Be sure to use the filters to cut down the number of repetitions.

  

Many companies do not charge early exit fees if you remain with them and choose a new tariff.
  

Yes; the more oppressive regime was, I think, first introduced with the first Extended Fixed tariffs a couple of years ago. It’s good to see that it’s now been relaxed, but I’m just not sure how far OVO’s benevolence stretches. 

Noel | I have no official status; I'm just a volunteer who comes here to help other customers. My gear: Aclara SGM 1416-B Electricity-only E7 meter; Chameleon IHD3-PPMID-AAA | It may look as if I know what I’m talking about, but don’t let that fool you. |
Rank 12
April 22, 2026

Thanks again. Some of the standing charges are eye watering!!!