I'm £500 in credit but no Interest Reward is being applied?

Can you check what’s on you plan details if you look on the website not the app. https://account.ovoenergy.com/plan
This is mine:

Hey @Sunelectric,

Sorry for the issues you’re having. 

Do you know when you stopped seeing the interest reward on your statements? If you download the PDF’s it’ll appear under ‘summary of charges’.

If any other customers flag this, we’ll raise it internally as a wider issue. Currently, it seems that it might be account specific in your case. 

Thanks for the reply. I have checked my bills back to Lumo days c.2019 and have been unable to find any evidence of an interest reward.

Hey @Jeffus,

I will do some digging and find out.

I’m still surprised that there has been no interest reward on @Sunelectric’s subsequent bills from OVO though, as they came over in 2019? 

I imagine this is why they need to investigate, as they’d potentially have to backdate all of the billing for the last few years to resolve this. 

Hey @Sunelectric,

Unfortunately, we don’t have access to individual accounts.

It sounds like it’s been raised to the correct team for investigation so this will be resolved for you. 

@Sunelectric, 

I have had a similar experience and so far can’t get anyone to understand my position…

I am on 5% interest also and until January I was on a fixed contract which, because of the increase in rates went from 15p to 31p for electricity and 2p to 10p for gas. Subsequently thanks to the Winter months my monthly payments increased by almost 5 fold and from paying £100 a month with about £150 a month credit, I was asked to increase from £100 a month to £430 a month. Knowing I was going to be credited by £200 for the export tariff I increased the payment to £200. The problem there was that I allowed my capital to drop and by the end of the month( and before I was credited for my V2G export) my account was in debit by about £50. Not a problem I thought because I’m still £200 owed in pocket...but no. The conditions of the 5% interest is that you have to be in credit on the day or at the time they publish their monthly charges and as they don’t add your export credit until after they publish the bill they don’t see me as being £150 in credit, which is what I actually am, but £50 in debit which is the only way they see it on the computer.

I first lodged my complaint over a month ago and despite talking at length to Denise in the complaints department on 3 separate occasions cannot get past the stage of “The computer says you were in debit so not entitled to interest”. In credit to her she did admit she hadn’t come across this before and sought advice before getting back to me….but the person from whom she sought that advice possibly didn’t know either because initially they stated it was because I was no longer on a fixed term contract and so wasn’t entitled to the interest…..but I quickly debunked that argument by going to “my plan” in the menu, Brought it up on screen and there it clearly states I am entitled to 5% interest as long as I’m in credit.

Denise did offer me £30 refund as a sweetener which was more than I was entitled to in interest but I turned that down because, being a retired policeman I object to being told by a computer I am in debt when in reality it is OVO who are in debt to me.

Given that OVO now have 4.5 million customers and there are only about 140 customers still on V2G with a handful more on V2H and other schemes we are an insignificant amount for them to bother with….cheaper to offer £30 to the odd customer who actually complains than spend £a couple of thousand on writing new computer software. Perhaps the same reason why those on the scheme can’t get access to the cheap rate “Charge Anytime” tariff…even though they have all been running Nissan approved access to data for the past 4 years.

Good luck with your quest but if it’s anything like my experience I suspect you’ll be banging your head against the wall.

Leo

@juliamc 

I did thanks Julia…..but all that did was see me go in the red by a day on my current account…..didn’t realise it was a bank holiday weekend and I couldn’t go in the branch and pay in the cash and with 2 days electronic transfer I made a foo pah. It actually didn’t help because it’s not when the money goes in but when OVO issue the bill that matters… Thanks anyway.

Leo

I moved address last year and continued with my commitment to Ovo with whom I have had an account for at least ten years. I am now told the interest benefit is linked to the address not the customer which is not what it says in your blurb which specifically says it is applicable to customers registered before sept 2021. This seems to me to be misselling and I now feel no loyalty to the company