Carbon-kicking OVO Energy is promising money off power bills to the next 500 Aussies who sign up and stick with the retailer for one year.
The promotion – aptly named ‘Next 500’ – is available to residents in New South Wales, Victoria, south-east Queensland and South Australia.
Next 500 is a conditional offer that applies $90 in bill credit over 12 monthly instalments, and can be accessed through any of OVO’s electricity plans.
This offer is aimed at helping 500 Australians cut back on their electricity costs, said OVO Energy’s CEO, Mark Yemm.
“At OVO, we’re committed to delivering cheaper, greener, simpler energy,” he said. “We’re confident we have a market leading product, but as an extra incentive to try us out we’re giving the Next 500 customers who sign up to OVO an additional credit.”
OVO Energy’s offer is only available to the first 500 customers who sign up online. Please visit OVO’s website for the full terms and conditions.
OVO Energy has since increased the online sign-up credit from $60 to $90 as of 29 March 2022.
OVO Energy Plans
Click on the relevant tab below to see OVO Energy’s prices in your state.
Here are the OVO Energy plans on our database for NSW. These are products from a referral partner†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3911kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Here are the OVO Energy plans on our database for Victoria. These are products from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Here are the OVO Energy plans on our database for SEQ. These are products from a referral partner†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4613kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Here are the OVO Energy plans on our database for South Australia. These are products from a referral partner†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4011kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
How to sign up to OVO Energy’s Next 500
To receive the credit, you’ll need to head to OVO Energy’s website where you’ll be prompted on the page to the Next 500 offer. This will then take you through the sign-up journey, where you’ll need to ensure:
- You sign up to one of OVO Energy’s electricity plans – The One Plan, The Basic Plan or GreenPower equivalent.
- Your household is located in NSW, VIC, QLD or SA.
- Your electricity meter and tariff are compatible with supply from OVO Energy.
- This is your first OVO Energy contract at the premises.
- You are one of the first 500 customers to sign up to OVO Energy during the promotional period.
Promotions aside, should customers give OVO Energy a go?
OVO Energy may be a solid choice for Australians seeking a new way to lessen the burden of unexpected power bills, while doing their bit for the environment said Canstar Blue’s Energy Editor Jared Mullane.
“An area where OVO may edge the competition is that it claims to eliminate bill shock by predicting annual energy costs that are then split into manageable monthly payments,” he said. “Any changes to usage costs throughout the year are spread evenly across the rest of bills, a method designed to make payments more predictable.
“What’s more is that OVO Energy’s plans come with a portion of GreenPower built-in, meaning 10 per cent of a customer’s power usage goes towards renewable energy generation. This approach is sure to sit well with Aussies who are conscious of their carbon footprint, particularly as OVO champions a transition to net-zero carbon emissions.”
Mr Mullane added that customers shouldn’t look past the base rates on offer, and that promotions like OVO’s can be a point of difference when comparing energy retailers with similar prices.
“This latest promotion may provide some additional savings so long as OVO keeps its electricity rates low. Don’t forget to skim over the fine print before signing up, and if you’re a solar customer, remember to check out what feed-in tariffs are available.”
Image credits: fizkes/Shutterstock.com, OVO Energy
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