OVO billing and the Price Cap

Thank you. I think you’ll find that paying by standing order, as opposed to direct debit, counts as ‘standard credit’, ‘payment on demand’, ‘payment on receipt of bill,’ or ‘payment by cash or cheque’ to give the method some of its many names. Whatever it’s called, it costs the consumer more than otherwise and is the most expensive payment method. The average household would pay around £150 a year extra for the privilege of not paying by direct debit. 

This is very probably the reason why your rates appear to be higher than the ones you see quoted both by Ofgem and in the press. 

Sorry I was a bit late to this party with my post. However, there is one other thing you should be careful about: you have compared these figures:

They aren’t comparable, not only because of the payment method, but also because you haven’t allowed for VAT. If you check the table @Jeffus thoughtfully provided courtesy of the House of Commons for the rates for your region (South East?), you’ll see for Standard Credit customers:

[The HoC figures are taken from Ofgem’s, then the VAT is added and the result rounded to one decimal place. This gives a misleading result as the figures in the last column here show; OVO is using Ofgem’s mandated ex-VAT figures for your region, then calculating the rate to two decimal places. In fact, I think you’ll find that they use four decimal places for the greatest accuracy.]

Don’t forget to allow for VAT!

So this is very complicated for a simple price cap so I will be taking it up with Ofgem as they are in charge of this fiasco. 
So who do I complain to regarding the insults that were sent to me by Blastoise186 

thanks. For those who helped. 

Hi @Mr Unhappy 

As per the Ofgem webpage ‘What is the energy price cap?’, “the Energy Price Cap is set at an annual level of £2,074 for a dual fuel household paying by direct debit based on typical consumption, which reflects recent falls in wholesale energy prices”, and “* Figures are for typical domestic consumption paying by direct debit, and will vary based on actual household usage” This means that they are showing an average, and that prices will vary based on things like how you pay and what you pay for.

There are a number of reasons why energy prices are different across the country such as; how much energy suppliers can sell to customers in that region, how much energy suppliers buy from the national grid or how much the local energy distributors in the region charge suppliers for that energy.

Rates can also differ slightly by supplier and by tariff, so some tariffs with additional perks for example may have slightly cheaper rates.

The EPC and EPG are always the same for everyone across the country; this doesn’t vary at all, so no matter whether someone is in a slightly more expensive region for their rates, they’ll not pay, on average, more than the EPC/EPG for their actual bills.

Still seem a mess and a bit of a fiddle to me as energy companies are still overcharging as the cost of gas has reduced on the wholesale market. 
There is also the issue around price rigging as there is no compitition  between energy companies. 
I hate OVO energy they were thrust upon me be SSE now I can’t go to a better company. 

Hi @Mr Unhappy

Octopus get by far the best overall reviews on Trustpilot. Much better than SSE ever did. 

https://uk.trustpilot.com/review/octopus.energy

They are taking on new customers

https://octopus.energy/

They are also the only supplier currently recommended by Which. 

https://www.which.co.uk/reviews/energy-companies/article/energy-company-reviews/octopus-energy-aESDM2a8ISWP

Might be  worth a look if you hate OVO. 

Thanks Jeffus they did not come up when I did a search the other day.  

One of the regular posters has provided a referral link that you could think about using. It is in this post.