Ovo Energy
Ovo Energy is an environmentally-focused energy provider in Australia. Read more about them and discover how green they are here through Savvy’s energy review.
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Ovo Energy is a multinational energy supplier based in Bristol, in the UK. It was founded in 2009, with its Australian branch established in 2019, and its call centre now located in Melbourne. It supplies electricity in four states, and offers a unique electricity plan which includes bill smoothing, and interest paid on any credit on a pre-paid plan.
As a certified carbon-neutral company, Ovo Energy is proud of its green credentials and offers 10% renewable energy with all electricity plans by default. Customers can increase this percentage to 100% carbon neutral through the Australian Government’s GreenPower scheme for a small additional cost. The company also offers a solar electricity plan especially for electric vehicle owners, and generous solar feed-in tariffs in some states.
In which states or territories does Ovo Energy offer energy plans?
Currently Ovo Energy offers electricity and solar energy plans in:
- New South Wales
- Victoria
- Queensland
- South Australia
What is the size of Ovo Energy in comparison to other energy retailers?
According to the Australian Energy Regulator’s latest report (Q2 2022/2023), OVO Energy now has over 10,080 retail electricity customers, and they command around 0.1% of the retail market share.
What are the pros and cons of using Ovo Energy as your energy provider?
- Generous $120 refer-a-friend offer on some electricity plans
- Have an energy plan specifically for electric vehicle owners
- Offer a unique bill-smoothing payment plan, which pays interest if your account is in credit
- Accredited 100% carbon-neutral company
- Offers 10% GreenPower offset at no additional charge
- Does not offer energy plans in NT, WA, TAS or ACT
- Only offers a single rate tariff on The One Plan, which is their standard energy plan available
- No variable-rate tariff plans available
- No mobile app to monitor energy use
- No fixed-rate plans are available, so prices can fluctuate
How is Ovo Energy rated as a green energy provider?
According to Greenpeace’s Green Electricity Guide, Ovo Energy has a score of 4.74/10 overall. This is because the company is seen to be investing in renewable energy generation assets, but it still buys energy from the National Electricity Market, where most power currently comes from burning coal and gas.
Their scores for these specific criteria are:
- Providing clean, renewable energy: 40%
- Ending coal use by 2030: 0%
- Halting fossil fuel expansion: 100%
- Support for new renewable energy: 46%
- Pollution & environmental harm: 50%
- Transparency in marketing: 80%
*Information from Greenpeace’s Green Electricity Guide is current as of August 2023, but subject to change
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Common questions asked about Ovo Energy
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