Our review of OVO Energy

OVO Energy is an Australian energy retailer offering electricity plans for residential customers in NSW, SA, QLD. They do not offer gas services or business plans, and they do not operate in VIC, ACT, WA, TAS or NT. 

All electricity provided by OVO Energy is 100% carbon neutral and 10% green power as standard. To make paying your bill easier, OVO Energy predicts your yearly energy cost then divide it into 12 equal payments. 

When your meter is read, and if you’ve used less energy than the estimate, OVO Energy will credit the amount back to your account plus 3% interest. 

OVO Energy Retailer Overview

EstablishedElectricity AvailabilityGas AvailabilitySolar Feed-In PlansCustomer Review Score
2009 (entered the Australian market in 2019)NSW
SA
QLD
N/AYesN/A

NOTE: All information and details included in this review about OVO Energy plans, discounts, incentives, usage charges, and fees are only accurate at the time of writing, and may not accurately reflect the rates offered when applying. Actual rates may differ based on your location, electricity and gas use, or eligibility for plans.

OVO Energy plans compared

OVO Energy only offers one market energy plan, which is appropriately named the One Plan. It features:

  • A single rate for all power usage
  • Equal monthly billing smoothed over the year
  • 10% green power as standard, with the option to choose 100% for $17 extra/month. 
  • Direct debit payment only
  • A 10-day cooling-off period
  • No exit or transaction fees

OVO Energy’s One Plan also includes an innovative interest reward on credit balances. If your bill for the quarter exceeds your actual power usage when your meter is read, they’ll credit the difference to your balance plus 3% interest.

OVO Energy Available Plans By State

StateOne PlanStanding Offer
NSWYesYes
SAYesYes
QLDYesYes

OVO Energy plan rates NSW

OVO Energy offers its One Plan for electricity in NSW as well as the NSW standing offer. We’ve taken a typical residential energy user from central Sydney (2000) to show you an example of the costs and rates associated with each OVO Energy plan.

OVO Energy residential energy plan NSW


One PlanNSW Standing Offer
Compared to reference price*18% lowerN/A
Daily supply charge/day electricity (cents)*87.0195.13
Usage charge electricity single rate (cents/kWh)22.6926.38
Solar feed-in tariff amount (cents/kWh)8.00N/A
Average yearly usage cost (electricity only 2-3 people)$1,500$1,730

*Ausgrid distribution zone

OVO Energy plan fees and charges NSW

Type of FeeCost
Move-in / new connection fee $12.24
Disconnection fee $166.56
Reconnection fee $12.24
Additional fees may applyN/A

OVO Energy plan rates SA

OVO Energy offers its One Plan for electricity in SA as well as the SA standing offer. We’ve taken a typical residential energy user from central Adelaide (5000) to show you an example of the costs and rates associated with each OVO Energy plan.

OVO Energy residential energy plan SA


ONE PLANSA STANDING OFFER
Daily supply charge/day electricity (cents)* 110.00118.80
Usage charge electricity single rate (cents/kWh) 30.2532.67
Solar feed-in tariff amount (cents/kWh) 8.00N/A
Average yearly usage cost (electricity only 2-3 people) $1,840$1,990

*SA Power Networks

OVO Energy plan fees and charges SA

TYPE OF FEECOST
Move-in / new connection fee $16.50
Disconnection fee $50.05
Reconnection fee $50.05
Additional feesN/A

OVO Energy plan rates QLD

OVO Energy offers its One Plan for electricity in QLD as well as the QLD standing offer. We’ve taken a typical residential energy user from central Brisbane (4000) to show you an example of the costs and rates associated with each OVO Energy plan.

OVO Energy residential energy plan QLD


One PlanQLD StandinG Offer
Daily supply charge/day electricity (cents)* 95.70107.80
Usage charge electricity single rate (cents/kWh) 20.3022.19
Solar feed-in tariff amount (cents/kWh)8.00N/A
Average yearly usage cost (electricity only 2-3 people)$1,340$1,480

*Energex time of use

OVO Energy plan fees and charges QLD

Type of FeeCost
Move-in / new connection fee $9.23
Disconnection fee$11.58
Reconnection fee$11.58
Additional feesN/A

Summary of OVO Energy plans

OVO Energy is a UK-based Australian energy retailer that offers electricity services in NSW, SA and QLD. They offer one market plan that features direct debit payment, a single usage rate, and 10% green energy as standard. All their power is carbon neutral and customers can choose to use only 100% certified green energy. 

They bill smoothly over a year then charge 12 equal monthly bills via direct debit to make payment as simple as possible. If they overestimate your usage and your account is in credit, they’ll top up your balance plus 3% interest. 

OVO Energy is new to the Australian market, but their low prices, simple offer, and innovative 3% interest incentive is an attractive option for thrifty, environmentally conscious energy users.

OVO Energy FAQ

Can I get OVO Energy electricity and gas in my state?


If you’re in SA, QLD or NSW you can get electricity with OVO Energy. OVO Energy does not offer gas services and they do not operate in NT, ACT, VIC, TAS or WA.

Does OVO Energy offer business energy plans?


No, OVO only offers residential electricity plans in Australia.

Does OVO Energy buy solar from its customers?


Yes. OVO Energy offers retailer-funded feed-in tariffs. However, these plans will vary between states and plans so you should always confirm with OVO Energy on the feed-in tariff amount before switching plans.

How do I switch to OVO Energy?


To switch to OVO Energy simply visit their website, choose a plan and enter your details. The switch can be completed online.