Ovo Energy has confirmed that there will be a price increase of £33 to its fixed rate energy tariff per year. The average price of this tariff is £1,171.86*.
Ovo has claim that with wholesale costs, transportation costs and renewable obligations all going up again a price hike is unavoidable. By reviewing their costs monthly they expect to be more responsive in passing on any reductions when they occur.
If you are affected by these price increases why not see if you can get a better deal from another energy supplier using our independent calculator
*Average duel fuel price in the UK is £1334 according to recent research
** Figures are of 30th November 2012 based on a medium user in a typical household using 16,500 kWh of gas and 3,300 kWh of electricity, representing an increase of £32.57 or 2.9% per year on Ovo’s New Energy dual fuel fixed tariff current price and an increase of £35.64 or 3% per year on the Green Energy dual fuel fixed tariff current price.