OVO Energy

Launched in 2009, OVO has grown to not only become one of the UK's largest independent energy suppliers, it's the UK's third-largest domestic energy supplier following its acquisition of SSEs' retail arm in 2019. This gave it an extra 3.5 million customers.

OVO also took over Spark Energy in 2018, gaining 290,000 customers.

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Energy supply aside, OVO is investing in smart technology, including smart meters and storage heaters with smart capabilities. It's also branching out into home energy storage devices and electric vehicle chargers that charge vehicles for less during off-peak hours when there is less demand and rates are cheaper.

It's not all been plain-sailing for OVO though - in January 2020, it had to pay £8.9 million to make up for communication and billing issues. It also had to shell out £1.2 million in August 2020 as a result of SSE missing its smart meter targets.

Who owns OVO?

OVO Energy is one of the largest independent energy suppliers in the UK and part of the OVO Group. This is a subsidiary of Imagination Industries Ltd, a holding company that is owned by Stephen Fitzpatick, who has been OVO CEO since its launch in 2009.

Why switch to OVO?

Having made the transition from small independent to one of the country's biggest energy suppliers, OVO essentially offers the best of both worlds when it comes to energy supply - it combines the great rates and customer service of a smaller supplier with all of the assurances that come with switching to a bigger supplier.

If renewable energy is a priority, OVO was the first major energy company to remove coal and nuclear from its energy mix. It offers 100% renewable electricity on its green energy tariffs and 33% renewable electricity on its standard tariff.

What is the OVO fuel mix?

Any electricity we use is generated from a combination of different fuels such as nuclear, coal and renewable sources (wind, water and the sun). The different amounts of each fuel contributed makes up a supplier's fuel mix.

Here is the OVO gas and electricity fuel mix as of April 1, 2019, to March 31, 2020:

Electricity supplied by OVO % of totalAverage for GB (for comparison) % of total
Natural Gas48.1%39.3%

How to switch to OVO

The Energy Shop makes switching energy suppliers as simple as it can possibly be. To run an energy price comparison, put your postcode in the box at the top of the page and we'll start searching for deals. Unlike some comparison sites, we compare the whole market so you can be sure you're getting the very best rates available.

Before we can give you a breakdown of the best energy deals available in your area, we'll need to know about your current energy deal and usage. You can find these details on your latest energy bill. If you don't have this information to hand, we can still run a quote using an estimate based upon the type and size of property you live in.

When you have the list of options available to you, just pick the one you like best, and we'll take care of the rest of the switch - you'll be with your new supplier within 21 days, and there'll be no disruption to your supply.

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