I'm an existing OVO user (for a few months now).
I've been told that I can get cheaper evening bills if I install an Economy 7 or Economy 10 meter.
I’ve read the advice here - what do I do next?
Best answer by Darran_OVO
Updated on 13/07/21 by Jess_OVO
Great question to ask about the possibility of changing to an Economy 7 setup. This can be cost-effective if you’re using a considerable amount of electricity overnight.
As we no longer offer a traditional meter replacement, in order to change to an Economy 7 plan, you’ll need to get a Smart Meter installed.
When they are first installed the Smart Meter will match the function of your previous meter (ie a single rate traditional meter will be replaced by a single rate Smart Meter). This function may be updated after the meter is installed but this will depend on the communication of the meter and other technical limitations. If you’d like to discuss the option of updating the function of your Smart Meter to an dual rate, reach out to our Support Team who can advise whether it’s possible on your account.
If an update to your meter is possible your plan will be updated to match the Economy 7 rates available when your current fixed plan started or the current Economy 7 variable rates, if you’re on the Simpler Energy plan. Our Support Team will confirm these rates before updating your plan.
There’s other great benefits to getting a smart meter installed - read more about this here!