Small supplier OVO Energy increases prices

Small gas and electricity supplier OVO Energy has announced a rise in prices. The 8.7% increase to the Better Energy pay monthly tariff, which came into effect last week, will […]

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By Priyanka Shrestha

Small gas and electricity supplier OVO Energy has announced a rise in prices.

The 8.7% increase to the Better Energy pay monthly tariff, which came into effect last week, will lead to consumers paying an extra £80 per year.

That means the dual fuel tariff will go up from £917 to £997 annually.

OVO Energy said that’s due to “a steady increase” in wholesale commodity costs, with the price of gas rising by 32% and electricity by 40% since 10th June this year.

It added: “OVO reviews its prices on a regular basis and has a strong track record of cost-reflective pricing and passing back savings to customers whenever possible. These principles sit at the heart of the company’s promise to customers that the deal they are getting from OVO will always be fair, transparent and as competitive as possible.”

Green supplier Ecotricity also increased prices while Good Energy said it would freeze prices this winter.