+7My tariff hasn’t changed since I fixed it last year. On my March bill, its name was given as:
Extended Fixed 27 February 2025
On my April bill its name has changed to:
Extended Fixed 27 February 2025 LPC
There’s no mention of LPC anywhere on the Our prices | OVO Energy page.
What is the meaning and significance of LPC? Should I be worried?
+5It's the tariff reduction that happened at the start of April.
I'm on a fixed loyalty plan, but see similar with it changing and “LPC” being added to the plan name after the reduction on April 1st.
+2Loss Prevention Charge (LPC)
Not exactly indicative but that’s the marker of the April tariff reduction.
Tom…
+5There’s a few things it could stand for, eg. ‘Legislated Price Change’ or ‘Lowered Price charge’.
Maybe one of the mods could find out?
+7I should add that ‘Loss prevention’ conjures up images of beefy bailiffs escorting a forensic electrician tasked with cutting the illegal power supply to a cannabis farm. I can’t spot the connection to the removal of some government levies from my bills.
I think the answer is here: Government levy policy changes
ETA: It’s a bit odd that the figures given on the Our prices | OVO Energy page show the current, LPC rates, but that may be for fixed-rate tariffs that are still extant (e.g. Extended Fixed 12/12/2024, which might still have a month left to run, or the ambiguously-named 2 Year Fixed 18 April 2024 - 18/02/2024, which hasn’t however you choose to look at it).
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