I took out the One Year Fixed contract in mid 2016 and replaced it with the 2 Year Fixed deal in mid 2017.
OVO have just confirmed that my electricity unit rate went from 11.40p/kwh to 14.38p/kwh and gas from 2.46p/kwh to 3.17p/kwh.
These are both more than 25% increases for a loyal customer.
Without quoting Wholesale market forces, can someone justify such large increases?
Best answer by Lucy_OVO
Hey guys - if you’d like to take a look at what wholesale energy prices are and how they affect bills, feel free to check out this OVO answers link: https://www.ovoenergy.com/guides/energy-guides/wholesale-energy-prices.html.