Wallet with Australian $100, $50 and $20 notes sticking out.

OVO Energy slashes $120 off power bills for new customers

Have your winter energy bills left you feeling frosty towards your current energy provider? If that’s the case, OVO Energy’s latest switching promotion may just leave you feeling a bit more chilled again.

The energy retailer is slashing up to $120 from electricity bills for all new customers in New South Wales, Victoria, south-east Queensland and South Australia.

Under its new Winter Welcome Credit, OVO Energy will pay customers credits of $10 in 12 monthly instalments for a grand total of $120 bill credit. Talk about a hot deal!

To bag these savings, new customers simply need to sign up online to The One Plan or The Basic Plan in their respective state, then stay with OVO Energy for a minimum of 12 months to receive the full $120 credit.

This offer cannot be redeemed alongside other promotions and is only available to new OVO Energy customers. Full terms and conditions can be found on the OVO Energy website.

OVO Energy has since increased the online sign-up credit from $100 to $120 as of 16 August 2022.

OVO Energy Plans

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.

What does OVO Energy offer?

Established in the UK where it has more than five million customers, OVO Energy has been a competitive player in the Aussie energy market since 2019. In addition to offering attractive pricing, the retailer has a unique selling point through its guaranteed ‘bill smoothing’. This helps to reduce the likelihood of bill shock by evenly splitting customers’ energy costs over 12 equal monthly payments, with costs re-evaluated as changes occur to keep bills nice and simple. The retailer also pays 3 per cent interest on credits accumulated on customers’ accounts.

OVO Energy is GreenPower accredited, offering customers the option of adding 100% GreenPower to their plan. This means the retailer will commit to purchasing 100% renewable energy matched to the amount of electricity used by the customer.

See how OVO Energy compares on price

Compare OVO Energy’s prices to other retailers in your state by clicking the relevant tab below.

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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.

Image credit: Kamil Zajaczkowski/Shutterstock.com

Kelseigh Wrigley
Energy Specialist
Kelseigh Wrigley covers Australia's retail energy market, growing her industry specific expertise over the last 2 years. She holds a Bachelor of Journalism at the Queensland University of Technology and has contributed her skills to online publications Hunter & Bligh and local radio station 4ZZZ.

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