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September 18, 2022
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I'm on a Fixed Plan. How will the Energy Price Guarantee affect me?

  • September 18, 2022
  • 14 replies
  • 523 views

Due to the delay in the government setting out a plan I signed up to a 2 year fixed deal that works rates that are more than the current maximum rate set in the recent government plan. Will my contract rate be capped and therefore reduced? 

Best answer by Emmanuelle_OVO

Updated on 19/10/23 by Abby_OVO: 

 

For all of the most up-to-date information on the Energy Price Guarantee and the Price Cap, check out this topic:

 

Support available for customers who may be struggling with their bills

 

Customer support package and where to apply

What to do if I can’t afford my energy bills? 

 

For all the up to date advice, see this page dedicated to the Energy Price Guarantee. We’ll keep that page updated with any changes as and when.

 

The £2,500 cap is for both fixed and variable customers. 

 

If you pay by Direct Debit, we’d recommend you leave this unchanged until any price changes have been made in October. That way you know you’re paying the right amount. 

 

If you don’t have a smart meter that sends us your readings remotely every day, we’d recommend you submit a manual meter reading this week or next via your online account.  

 

 

14 replies

Blastoise186
Super User
Super User
October 29, 2022

Probably not at this point. EPG only lasts until April, so you’re better off with things left alone.

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Newcomer
November 5, 2022

ovo has reduced my unit price for gas and electric should my daily standing charge be reduced as well

Blastoise186
Super User
Super User
November 5, 2022

Standing Charges aren’t part of EPG so they’ll not necessarily be lowered.

Securing energy by zapping security bugs... For that is The Blastoise Way! Remember, I'm just like you - AI Powered Evil Geniuses aren't Staff!
Newcomer
November 5, 2022

ok thanks