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Ovo Energy EV Plan - $190 Welcome Credit (Paid over 12 Months), 10¢/kWh Feed-in Tariff, 8¢/kWh off Peak Rates

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Ovo Energy EV Plan - $190 Welcome Credit (Paid over 12 Months), 10¢/kWh Feed-in Tariff, 8¢/kWh off Peak Rates
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johnnybravo624 on 24/06/2023 - 22:43 pages.ovoenergy.com.au (1135 clicks)
Last edited 26/06/2023 - 14:29 by 1 other user

Ideal for those with an EV and solars installed. No need to pay $1K+ more for a solar optimized smart charger. Sell generated solar energy for 10c/kwh, charge your EV between 00:00 and 06:00 at 8c/kwh uncapped. Peak unit rate is a bit high but the feed-in tariff is better than most.

Promo highlights:
$190 welcome credit ($15.83 deducted monthly)
get $190 referral fee
$0.08/kWh between 00:00 and 06:00

My NSW rates with Endeavour
34.221c/kWh Peak unit rate
10c/kWh Solar feed-in tariff
106.59c/day Supply charge
8.976c/kW/day High season demand rate
3.3c/kW/day Low season demand rate

Referral Links

Referral: random (788)

Referrer & referee each receive $15 bill credit per month over 12 months after referee signs up to the EV Plan or EV Plan + 100%.

Referrer & referee each receive $10 bill credit per month over 12 months after referee signs up to any other plan.

Electrical & Electronics Electric Vehicle Charging Electricity Solar Feed In Tariff Store Credit

Related Stores

OVO Energy
OVO Energy

closed Comments

  • hazwing on 24/06/2023 - 22:53

    Yeah I was considering this plan when we get an ev. Figured I could also load shift my dishwasher, washing machine to go off in the early morning too.

    Good the fit is uncapped too

    • johnnybravo624 on 24/06/2023 - 23:14
      +1

      Yep, delay everything to that 6 hour window. It's better than just using power / going off grid as in essence you're earning 2c (10c feed in tariff vs 8c off peak rate).

  • lazydesi on 24/06/2023 - 22:56

    The EV Plan requires that you pay for the electricity you use monthly in advance on a Bill Smoothing arrangement using direct debit. Your Bill Smoothing arrangement will be set in accordance with your contract with us.

    • johnnybravo624 on 24/06/2023 - 23:18

      I got charge $130 monthly within days after signing up and is now like a prepay account with live / remaining amount showing on my account balance. Not a fan but as long as the numbers add up and is just a timing difference then i should be fine.

  • ndenham on 24/06/2023 - 22:58
    +2

    Yeah I've been keeping an eye on this one to see where the rates land on 1st July. Provided they're reasonable I'll switch after I get my sweet Origin bill credit.

  • [Deactivated] on 24/06/2023 - 23:16
    +2

    OVO tings

  • lgacb08 on 24/06/2023 - 23:21
    +6

    yeah, don't forget you'll have to pay 9c extra everyday of the month for demand charge for every 1kw in half hour, if you accidentally run a 18kw ducted split for only half an hour for one day that month, it can be another $16 extra for that month on top of your usual peak demand.

    • tunzafun001 on 25/06/2023 - 15:26
      +1

      Huh?

      • aleayr on 25/06/2023 - 15:46

        They're talking about demand tariffs and how they're measured. A charge in addition to typical supply and TOU/single rate tarrifs you're used to.

        Can lead to a surprise on the bill if you don't understand the demand charge.

        It's essentially charging you for your maximum load on the grid as well as what you use.

        • tunzafun001 on 25/06/2023 - 15:51

          I still dont get it.

          Im seeing 8c\kwh flat rate (any power source a/c or not).

          Then 55c/kwh peak.

          So going half hour over the 8c time, so half hour into peak rate, with an 18kw a/c (assuming a COP of 4), will cost you

          18kw/4 × 0.55c × 0.5hr = $1.24

  • ce5himm on 24/06/2023 - 23:56

    What's the catch? Sure there is, right?

    • mskeggs on 25/06/2023 - 07:44
      +1

      I think these rates haven’t had the July increases yet.

      • delfredo on 25/06/2023 - 09:11

        Might have to come back in July to check.

  • kRaYziE666 on 25/06/2023 - 01:54
    +2

    Can you get this plan without an EV?

    • lordrupertliverpool on 25/06/2023 - 05:20

      Yep, I joined last month. energymadeeasy read my smart meter and advised it would be the best plan for me.

      I'm not convinced yet because was deducted $70 or so in advance and yet to see how my solar feed-in will be credited. But I'm hopeful.

      Edit - shit sorry my plan is actually "The Solar Plan" but looks similar on first glance.

  • bcarp on 25/06/2023 - 06:49
    +1

    Is this the rate before or after the coming rate rises? (Noting that you are on a demand plan.)

  • Cupa Bundy Drinker on 25/06/2023 - 07:09

    I've been with OVO recently. They are actually quite nice. Initially I was estimated to pay $130 per month with direct debit, but after the first month, when I had $20 in credit (because of solar export) I contacted them via chat and they quickly refunded me the excess amount and changed the monthly direct debit to $20.
    OVO support is very nice, with zero waiting time.

  • MKBHD on 25/06/2023 - 07:38

    Any joining or moving away fees?

    Also any demand charge for usage between 3 PM and 9 PM?

  • bhunter101 on 25/06/2023 - 07:42

    I’m on GloBird’s freeLunch plan. Free between 12-2

  • vshek on 25/06/2023 - 08:03

    Are all the tariffs effective July 1st? or they are displaying Old tariffs?
    I was got a quote and the rates are lower compared to Simply Energy new tariff on Ausgrid.

  • unco on 25/06/2023 - 08:09

    Is there no way of seeing the actual rates by putting in your postcode like other utility companies?
    You have to book a callback?

  • daquatroi on 25/06/2023 - 08:12

    OVO requires that we only can have 5 kW solar panels max. That is strange, because they refund 12c for up to 4000 kw per year, and 7c if more. I have more than 5 kw panels, so OVO is no good for me.

    • Thrifty McGifty on 25/06/2023 - 09:29

      In my area this is normal, and a limit of the distributor. 5kw limit for single phase, 10kw for 3 phase. Note: it's a limit on the inverter. It's normal to have ~20% more panels.
      FYI, over the past 12 months I've exported about 6400kWh, in Sydney with a 5kW system. So I don't think Ovo would be a good deal for me.

  • t0087669 on 25/06/2023 - 09:25

    I don’t understand how their estimated direct debit cost. Seems like I’ll be overpaying with each direct debit. I only get refund when I leave them?

  • cxy0614 on 25/06/2023 - 09:42
    +2

    Peak rate: 55.88c per kWh
    Off-peak rate: 28.05c per kWh
    Shoulder: 28.82c per kWh
    Solar FiT: 10c per kWh
    EV Off-peak rate: 8c per kWh
    Supply charge:

    110c per day

    not cheap, need to do calculation vs Powershop EV plan

    Are they increasing the price after 1st July?

  • ty2050 on 25/06/2023 - 09:44

    This is a great plan if you have batteries and your inverter supports AC charging. Saving me a ton and I can even run the A/C in the morning.

    Set all your Heavy loads during this time including hot water.

    Charge the batteries.

    They only ask for a EV rego in your state ;).

    Export the solar during the day.

  • Arpan2468 on 25/06/2023 - 10:04
    +2

    I joined the EV plan last week. Please note that their rates will be revised in August as compared to other retailers. But it makes to schedule washing machine, dishwasher, ev charging, swimming pool filter/cleaning and even your mobile devices like phones, iPads, laptops etc if you have smart plugs. If you have smart air purifiers, that works too. And really comes in handy to reduce cost with heating and air con at least after midnight. Just be prepared to freeze or melt during peak hours…

  • guo-au on 25/06/2023 - 10:21

    "Electric Vehicle requirement: Must own an electric vehicle."

    Do they enforce this requirement?

    • Arpan2468 on 25/06/2023 - 10:56

      They ask for EV rego(plate number) at signup. Not sure how they verify ownership of vehivle.

      • RockyRaccoon on 25/06/2023 - 13:27

        Would be interesting given hybrids (non plug in) also have EV rego as per number plate.

      • M00Cow on 25/06/2023 - 14:35
        +1

        So goto nearest shopping centre & grab the lic# of any EV?

        • Arpan2468 on 25/06/2023 - 18:01

          It is worth a try ..

        • johnnybravo624 on 25/06/2023 - 20:42

          My EV got verified at sign up and another one after my account got activated.

  • tunzafun001 on 25/06/2023 - 15:43
    +1

    So ..this isnt sustainable, or make sense.

    They offer cheap power at night, which is now the most expensive wholesale power (roughly 4x the 8c cost as of July 1). EVs chew the power, so we are talking MASSIVE losses.

    Charging an EV at night (gas/oil and some wind) basically defeats the purpose of an EV. Might as well just burn the oil in a petrol car.

    Then give a $190 credit..

    Then encourage you not to charge your EV during the day (as export is worth more than 8c).

    No part of it makes business sense…

    So Im guessing they will pre charge, accumulate $$ and a customer base (looks good on the books), then reality kicks in…they will go bust and you wont see your funds / credits ever again.
    Geez I love modern economics.

    This is basically ponzi power..Get on, then get off early. Dont get caught with them holding your bags.

    The alternate has to be …as of July… all this goes away..

    • randomdude14 on 12/07/2023 - 21:03

      I'm skeptical of it too. But in reality, there are fat margins I reckon. When I inquired they said bill smoothening can be reviewed (and credited back) anytime (Eg. every 3 months and doesn't have to wait 12 months)

  • ep1983 on 26/06/2023 - 08:14
    +4

    BEWARE! I signed up a few weeks ago. Was quoted rates from their website, and confirmed the same in email from them.
    Once my account was setup, I noticed the rates were different. They said they would update the rates in my account. I chased them several times after which they eventually stated the rates on their website and quoted in writing were incorrect and wouldn't be honoured. I am still trying to resolve the matter.

    • Heybargain on 12/07/2023 - 12:38

      How have you gone with this? Any updates?

    • randomdude14 on 12/07/2023 - 21:07

      That's bizarre! What happened in the end?

    • tunzafun001 on 12/07/2023 - 21:33

      I went to the ombudsman against Lumo for this exact issue. They went back and checked the voice recording… I won.. make sure you have the date/ time.

  • mooreshady on 01/07/2023 - 07:58

    Changed back to $100 credit only

  • AshSet on 07/07/2023 - 10:34
    +1

    It’s $100 credit now but seems impossible to signup for the EV plan. No time’s available to schedule a call back and no way to select and signup for the EV plan when I put my address in.

    • Heybargain on 07/07/2023 - 17:06

      You need to keep checking their call back page. There was a few available slots end of July a few days ago but seems to be all taken now.

  • Osta on 12/07/2023 - 06:10
    +1

    Just signed up and looks like a fantastic deal, but I really don't understand why they have referral links if you can't actually sign up online (or at all, since there doesn't appear to be any appointments). Very weird way of doing things.

  • hazwing on 12/07/2023 - 23:18
    +1

    I finally got signed up today. Had to wait 2 weeks for them to call me as scheduled. However my phone blocked their number as suspected spam!
    So frustrated that I emailed them a complaint and they called back, and was finally signed up.

    It's impossible to talk to call them over the phone, as everything just redirects you or goes to voicemail. I wouldn't recommend this to anyone that needs customer service to be more accessible.

    But the EV rates are too good to pass up. This is what I'm getting for SE QLD:
    Peak:
    29.09c/kWh inc. GST
    Peak Demand:
    15.24c/kW/day inc. GST
    Solar feed-in tariff:
    10c/kWh excl. GST * if applicable
    EV Off-peak rate (between 00:00 and 06:00):
    8.00c/kWh inc. GST
    Supply charge:
    115.50c/day inc. GST

    PM me if you want a referral code

    • Heybargain on 13/07/2023 - 07:54
      +1

      Don’t forget to add your referral link to the referrals section at the top of this page

      • hazwing on 13/07/2023 - 09:21

        cheers, have done now!

  • shockme79 on 14/07/2023 - 09:37

    Are you able to stack the $100 welcome credit with the referreal $12/month?

    • hazwing on 14/07/2023 - 11:55
      +1

      No, they don't stack. So basically you save an extra $20 off if you use the referral code

      • shockme79 on 14/07/2023 - 14:19

        In that case, you can sign up via econnex (currently $70 on CR) and you'll also get the $100 welcome credit?

  • financialminimalism on 16/07/2023 - 23:14

    Rates seem competitive, thanks OP.
    Welcome credit has dropped to $100.
    Better off using the referral links above and getting $120 credit and supporting a fellow OZbargainer.
    All sign-ups valid for chance into Tesla prize draw.

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