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$100 Welcome Credit Paid over 12 Months ($8.34 Per Month) @ OVO Energy

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Found this deal when doing a comparison in VIC and they seem to be the cheapest for me (switching from Globird).

$100 welcome credit terms & conditions

Apology, I am not sure when the deal will expire. Also reading the PDS there is an exit fee of $50 (but with $100 credit and $120 referral if you stay for 12 mths you will still be ahead). See below PDS:

4.8 Exit fee
(a) If this contract ends after the cooling-off period and you are on a contract with fixed rate tariffs, we may charge you, in which case you must pay us an exit fee of $50 for each energy type (i.e. electricity or gas) we supply under the contract.
(b) We will not charge you an exit fee if the contract ends:
(i) because you move out your premises but you immediately enter into a new contract with us at your new premises;
(ii) under clause 8.3(e); or
(iii) under clause 25.

Clause 8.3
8.3 Changes to charges
(a) If we have agreed to provide you a fixed rate tariff in your OVO Energy Plan we will not vary the tariffs and charges or introduce new tariffs and charges. Except (other than in Victoria) we may, to the extent permitted by energy laws, reflect any increase in our direct or indirect costs or to allow us to fully recover our direct or indirect costs relating to any one or more of the following:
(i) us purchasing energy for sale to you, including managing or minimising price risk;
(ii) other costs that we incur in order to sell energy to you at the premises, including in relation to networks, metering, energy market participation, our liability under environmental schemes, loss factors (if this contract is for the sale of electricity) and unaccounted gas (if this contract is for the sale of gas); or
(iii) the imposition of a new law, regulatory requirement or tax, a change to a law, regulatory requirement or tax, a change to the interpretation of a law or regulatory requirement or a change to the basis for imposing or calculating any tax.
(b) If we have agreed to provide you a variable rate tariff under your OVO Energy Plan, we may vary the tariffs and charges, or introduce new tariffs and charges, for any reason.
(c) We will give you notice of any variations to tariffs and charges that affect you as soon as practicable, and in any event no later than your next bill (unless a longer period is required under the energy laws).
(d) If we vary the tariffs and charges or introduce new tariffs and charges during a billing period, we will calculate your next bill based on the variations or new tariffs and charges on a pro rata basis from the date stated in the notice provided under clause 8.3(c).
(e) If we vary the tariffs and charges, or introduce new tariffs and charges in accordance with clauses 8.3(a), 8.3(a)(iii) or 8.3(b), and you notify us that you wish to end this contract within 20 business days after the date you receive our notice of variation, then:
(i) this contract will end; and
(ii) we will not charge any exit fee that would otherwise apply.

Clause 25 :
25. Retailer of last resort event
If we are no longer entitled by law to sell energy to you due to a Retailer of Last Resort (RoLR) event occurring in relation to us, we are required under the National Energy Retail Law and the Rules to provide relevant information (including your name, billing address and metering identifier) to the entity appointed as the relevant designated retailer for the RoLR event and this contract will come to an end. This contract will automatically end when your premises is transferred to that retailer and no exit fee will apply. We will also cancel any direct debit arrangement we have with you and notify you and your financial institution of the cancellation.

Referral Links

Referral: random (781)

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.

Related Stores

OVO Energy
OVO Energy

closed Comments

  • +4

    FYI the $120 referral credit is paid $10 per month. Something to keep in mind.

    • Can I stack the referral credit and welcome credit?

  • +1

    Actually highly rate OVO. Signed up with $100 credit, pus their plans were far cheaper and higher solar rebates. Referred a few people that saved money and scoring $58.33 a month in credits a month and bill sunder $40. Then earning interest on whats left. Very happy.

  • Very happy with EV plan. Everything from midnight (charging EV, dishes, Washing, etc) Not paying any cents for two months now (with Solar).

  • I'm actually planning to move away from OVO within a couple of days.

    To my knowledge, exit fees do not apply with The One Plan, since it is variable rates, not fixed rate tariffs.

    My main problem is that OVO tried to bait and switch me with a recent email about hikes in their prices.
    According to the email, it is 36.08/kWh anytime usage and 98.45/day. The email also mentions that "your rates are 3% less than the reference price. This is a lowest annual cost of $1,771.42 for a residential customer who uses 3,911 kWh…"

    I plugged my home address into their sales page and got 34.32/kWh and 93.5/day, making it "13% less than reference price".

    While I did have great rates with OVO at the beginning, this turns me off completely, and currently I'm exploring Globird as an alternative…

    • +1

      I told OVO I noticed new customers get a better rate than I do and I would switch if I didn't get it, and I also asked for an additional $120 credit over the next 12 months and they gave me both of these things. If you're polite you may be able to get the same :)

      • Thanks for sharing, but I'm still really weirded out by this bait and switch tactic. The "One" Plan made me think there's only "One" Price which clearly there isn't. Not sure if I like to keep monitoring my rates to see if I was ripped off…

  • So this is worse than the $120 credit from using a referral link?

  • Just got this the other day, thought they weren't meant to increase prices for a year or something (only moved to them mid May).

    We're writing to tell you that your current rates will be changing on 26th October 2023.
    Rate description Old rate New rate
    Daily Supply Charge ($/day) $0.9900 $1.1550
    Anytime Usage ($/kWh) $0.2772 $0.3278
    Controlled Load 2 Usage ($/kWh) $0.1991 $0.2491
    Solar ($/kWh) $0.07 $0.07

    It's a bit of a waste moving around and comparing these days when no one can fullfill a 12 month contract, probably easier to stay put as well to enusre the gov rebates continue to get applied.

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