Oh no Ovo price hike

Independent energy firm Ovo Energy pushed its prices up 3% today, the supplier’s first rise after five price drops over the last year. The chippy rival supplier to the Big Six blamed an “upward move” in wholesale costs in April and a “small rise” in the cost of supplying energy. The cost of Ovo’s price […]

Ovo promises energy bills under £1,000

Small supplier Ovo Energy today promised to offer householders energy bills on average under £1,000 a year. It threw down a challenge to the Big Six suppliers, by suggesting some were “locking in high prices through freezing tariffs”. The energy company said the wholesale price of gas has fallen by 9.5% this winter, meaning it […]

Ovo Energy: Big Six are best filibusters in the business

The Big Six energy companies are the “best filibusters in the business”, the Managing Director of Ovo Energy said. Stephen Fitzpatrick (pictured, right) made the accusation when the big UK energy players and small suppliers – Ovo Energy and Co-operative Energy – appeared before a panel of MPs yesterday. They were grilled by the Energy […]

Ovo Energy’s immediate 5.8% price hike

Energy company Ovo Energy has announced it is increasing its gas and electricity prices by 5.8% with immediate effect. Its New Energy Fixed plan, believed to be its cheapest tariff, will add £68 to the current price – a rise from £1,172 to £1,240 a year. Its existing customers on the variable tariff will also […]

Ovo boss slams ‘Big Six monopoly’

The reason there isn’t more competition in the UK energy retail market is because currently the Big Six operate an inherited monopoly. This was according to new player Ovo Energy’s boss, Stephen Fitzpatrick, who said current generators use their profits to trap customers. Speaking at the Future Energy Strategies event this week, the founder of […]