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Do we pay a month in advance for our energy? I want to know whether I'll need to pay another Direct Debit if I apply to switch away!
My direct debit has jumped from £127 to £182 which I can't afford. It kept going up last year and I ended up being in credit and getting a refund of £200-£300. I would rather have a lower bill each month, especially at this time of the year the usage will be lower. I'm trying to find out if I left OVO, do we pay in advance or arrears, don't want to have another bill. Thanks.
Best answer by Eva_OVO
Updated on 04/11/24 by Abby_OVO
How we work out your Direct Debit amount
To work out your monthly Direct Debit amount, we:
- look at your energy use so far and estimate how much you’re likely to use by 31 March 2026. This includes any costs, such as standing charges and add-ons
- take away your current balance, factoring in any credit or debt
- divide the result by the number of payments left until 31 March 2026, which gives us your monthly amount
We aim to bring your balance to £0 by 31 March 2026. This way, you won't owe us anything, and we won't owe you anything, making it easier to manage your energy costs.
We regularly check your Direct Debit to make sure your balance is on track.
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