OVO Energy takes cheapest utility bill lead
Customers wanting to get the cheapest energy bills should go with OVO, who are currently offering the leading tariff on the market.
Newcomer OVO Energy has sprinted ahead in the race to bring down the cost of utility bills by announcing a new tariff which will cost customers under £1,000 a year.As smaller gas and electricity suppliers attempt to beat the big six out of the market, OVO has introduced a deal which costs consumers £921 annually, making it the cheapest provider in 13 out of the 14 regions for energy.
The price is fixed for 12 months, meaning that utility bills will be guaranteed to remain low, but households must sign up to pay by direct debt and agree to online billing.
For those concerned about the environment, OVO uses 15 per cent renewable energy sources to provide gas and electricity to UK homes.
The move is thought to be a response to fellow small firm First:Utility's attempt to lead the market by cutting the price of its utility bills.
Will Marples, energy expert at uSwitch.com, commented on the move by saying: "Although small and relatively new, both OVO and First:Utility are setting out to differentiate themselves. This is exactly the type of shake up the market needs.
"As usual though, this plan may not be right for everyone so consumers should always check that they are comfortable with the terms."
Major energy supplier Scottish Power recently secured its place behind OVO as having the second cheapest utility bills on the market after slashing its rates.
The firm's online energy plan had its price reduced by two per cent, equating to a £23 saving on utility bill costs.
Written by Rosie May
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