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$150 Welcome Credit for New Electricity Plan Sign-Ups (Paid in $50 Instalments over 3 Months) @ OVO Energy

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$150 Welcome Credit for New Electricity Plan Sign-Ups (Paid in $50 Instalments over 3 Months) @ OVO Energy
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financialminimalism on 25/04/2024 - 13:00 switch.ovoenergy.com.au (2985 clicks)
Last edited 26/04/2024 - 13:09 by 2 other users

I've been with OVO over a year, rate them - good prices in my area at least. (OVO is a sub-brand of AGL Energy).

Referral solicitation removed — Mod

Welcome Credit

$150 sign up credit applied over 3 months

1. Offer Terms

These terms (Special Terms) set out the terms and conditions applicable to OVO Energy's $150 (inclusive of GST) online sign up credit offer, applied over 3 months (Welcome Credit).

Terms that are not defined in these Special Terms are defined in OVO Energy's Market Retail Contract Terms and Conditions for small customers - available here.

2. Eligibility Requirements

To be eligible for the Welcome Credit:

(a) you must sign up to one of our electricity market plans for your premises, via switch.ovoenergy.com.au or any other participating third party websites;

(b) your premises must be in Victoria, New South Wales, South Australia or Queensland where OVO operates;

(c) the contract must be your first electricity market contract for your premises;

(d) to receive the full $150 credit you must continue your contract for your premises for at least 3 months from when we start supplying electricity to you (minimum contract period).

3. When will we pay you the Welcome Credit?

Unless your contract ends early, we will credit you $150 (inclusive of GST) applied in three monthly instalments of $50 as an offset against the charges on each of your monthly bills issued during the minimum contract period.

If your contract ends before the end of the minimum contract period, we will not pay you, and you will forfeit, any remaining credit balance of the $150 Welcome Credit.

4. Offer exclusions

The Welcome Credit offer:

(a) is not valid or available for OVO Energy gas market offers or in conjunction with any other OVO Energy special offers, promotions, vouchers or competitions;

(b) can only be used as a credit to your OVO Energy account and cannot be refunded or redeemed for cash; and

(c) is not transferable to any other customer or to any other premises.

5. Variation or withdrawal of the Welcome Credit

We may change or withdraw the terms applying to Welcome Credit by notice to you in accordance with applicable energy laws. We reserve the right to withdraw this offer at and time.

Referral Links

Referral: random (782)

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 Electricity Store Credit

Related Stores

OVO Energy
OVO Energy

closed Comments

  • rickdwp on 25/04/2024 - 15:35

    Source for OVO being an AGL brand? I was under the impression OVO was a UK based company that only recently started providing retail electricity in Australia.

    Only thing I can find connecting the companies is a joint partnership couple of years ago for AGL to use OVOs CRM platform

  • jimbler on 25/04/2024 - 15:44

    Absolute rip off in my area. The 12 month plan I'm on with Nectr is way cheaper.

    • financialminimalism on 25/04/2024 - 16:31

      Nectr looks like pretty good value for me too. $50 referral bonus is a good offer.
      Did you get solar / battery through them too?

    • xmail on 19/05/2024 - 20:19
      +1

      When did you start that plan? Assess again when your plan expires and they propose your new rates, you may be unpleasantly surprised.
      Nectr are currently offering a 0c feed in rate.

  • Ulysses31 on 25/04/2024 - 15:59

    I'm ready to try SOMETHING. Energy Australia have me messing-about every few months. They tell me to change plans, cos I could save money… so I do. Then after a few months…They tell me to change plans, cos I could save money. Is this just a projection/estimate thing, and swings in electricity/gas usage?! Gas heating, electric cooling, no solar.

    • Nom on 26/04/2024 - 20:48

      Are you living somewhere that can't have solar ?
      Unless the answer is yes, that should be the very first thing you do.

      • Ulysses31 on 26/04/2024 - 21:14

        I'm definitely overdue. Last 12mths out of work didn't help. But I'm not going to rely on the 3c or whatever it is. Our consumption & appliance usage is very low.
        It's the games energy Australia appear to be playing that's frustrating.

  • 0FoxGiven on 25/04/2024 - 16:12

    So the best way to go about doing this would be to use a cashback offer with a comparison service and signup to OVO and then switch out after the cashback is credited in like 90-120 days right?

    • manwithtwobrains on 29/04/2024 - 12:01

      Yes, but I can't access ovo through cash rewards at the moment so have created a ticket to try and sort it..

  • Dogsrule on 25/04/2024 - 18:32

    I've been with OVO since December last year when I got a solar system installed. For reference I'm in NSW on the Ausgrid network and have an EV (this is relevant info).

    They offer an EV plan which gives you a 'Super Off Peak' tariff of 8c/kWh between 12AM-6AM. Absolutely incredible value for charging the EV (and all other consumption is also charged at that rate). Solar FIT is 8c/kWh which is a bit above average in my area.

    The other excellent benefit they offer is free power between 11AM-2PM - I have my big dumb electric HWS set to run during this period off a timer + washing machine + dishwasher. I also run the battery down on the EV and use this period to charge back up over the weekend.

    The downside is the very high peak charge of 63c/kWh and shoulder charge of 33c/kWh.

    • elgrande on 25/04/2024 - 19:06

       I also run the battery down on the EV and use this period to charge back up over the weekend.

      How did you manage to program this?

      • Dogsrule on 25/04/2024 - 19:41

        I just do a small charge on Thursday night (actually early Friday morning). Leave home with 50% battery instead of the usual 80%, get home with about 12% charge instead of 42%.

        Then on the Saturday I set my app to do a scheduled charge starting at 11AM and set charge limit to 50%, then repeat on Sunday setting charge limit back to 80% ready for the work week.

        That's about 54kWh of free energy into my car over the weekend. Of course you have to subtract whatever solar generation you would have fed into the grid during that period, but with all the other appliances going at the same time I'm still pulling heaps from the grid.

        What's great is that all the grid power you're using is other people's rooftop solar, freeing up grid capacity for otherwise curtailed large scale renewables.

    • Kkuba on 26/04/2024 - 06:56

      How does the the free period work when you have solar?

      I imagine your household usage would have to exceed what you are getting from your solar system, and anything above that is then free?

      • Nom on 26/04/2024 - 07:24

        Correct.

      • Dogsrule on 26/04/2024 - 07:53

        Yes that's right. My solar output is significantly lower now than during summer so its very easy to draw from the grid with everything going at once.

  • elgrande on 25/04/2024 - 19:03

    If you change providers, do you need to cancel your old account, or does it close automatically?

    Never churned b4.

    • RotundPolarBear on 26/04/2024 - 10:51
      +1

      It should be automatic. I've never had to contact any previous providers when switching.

  • DavRo on 25/04/2024 - 19:21

    This offer is 13 C per kw/h and 20 C per day dearer for me. I wouldn't care as much if feed in tariff went up as well.

  • digitalane on 25/04/2024 - 20:22

    Didn’t know they were sub brand of AGL. Will I get the credit if moving from AGL?

    • donb on 30/04/2024 - 16:30

      Transferred from AGL. Got the first month credit.

  • bargainbro on 25/04/2024 - 20:23

    Does the OVO web portal allow you do download your usage?

  • HentaiEnjoyer on 25/04/2024 - 20:48

    Just signed up for this one, anyone know any good offers for gas too?

  • thomaswu07 on 25/04/2024 - 21:01

    I don't see the welcome credit in the detail page. I only see the refer a friend credit at $10/month. Does it show through later or am I doing something wrong?

  • Munki on 25/04/2024 - 21:23

    Kendrick's taking so long to respond to this beef that Drake's had enough time to start up a power company in Australia. That's wild.

  • mkowarkski on 25/04/2024 - 22:29

    I just signed up for Globird Energy from Alinta Energy!

    • lost in transit on 29/04/2024 - 21:27
      +1

      I'm ready to leave Alinta Energy also…

      • mkowarkski on 29/04/2024 - 21:28

        Good decision, as their prices is higher compared to Globird Energy

  • cauilfield on 26/04/2024 - 08:18

    i'm charging my home battery between 11a to 2p with the free energy :) getting free power during winter time.

  • supperman on 26/04/2024 - 08:18
    +1

    Side quest: one off 20,000 bonus points (~$100 worth of giftcards) if paid by a Virgin Money debit card. X10 points for subsequent monthly payments.

    • regenade on 17/05/2024 - 16:18

      @supperman How do you combine the 20,000 bonus points with the $150 credit. Did you sign-up and end up getting both ?

      • supperman on 19/05/2024 - 08:55

        Yeah I did. Signed up with the Credit offer first then link your virgin money debit card.

        • regenade on 19/05/2024 - 23:29

          The website says 20000 points not available if you are an existing OVo customer. Did you just sign up using this posts $150 credit card offer and then just using your Virgin Money debit card

          T&C from Virgin Money website
          You are unable to claim the 20,000 bonus points offer if you are an existing OVO Energy customer, however you can still access the ongoing points offer simply by updating your billing details directly with OVO Energy with your Virgin Money Visa Debit Card. Allow up to 15 business days from the first payment cycle for the points to be credited to your account

          • supperman on 20/05/2024 - 08:34

            @regenade: I am aware of the T&C but it seems like there is a glitch with Virgin money. I was already an OVO customer on a different $120 referral offer when I linked it with my virgin money card. I also linked it again with my wife's card and got the 20K bonus twice. The x10 points is then ongoing with whatever card you linked.

  • Jasongood on 26/04/2024 - 08:55

    Try signing up Ovo with wattever for a extra $50 gift card, just received a promo email

    • Jasongood on 26/04/2024 - 08:59

      Hi
      This week, there’s been a big breakthrough in SE Qld electricity prices.

      OVO Energy has surged ahead with new pricing on The One Plan - to make this the cheapest electricity offer from any of the 23 energy retailers in SE QLD^.

      • Say hello to a $150 Welcome Credit. OVO Energy will apply $50 (incl GST) credit each month to the first three electricity bills for new customers.
      • Good grid rates
      • Plus, you can claim a $50 eGift Card exclusive from WATTever when you switch through the links on our website and become an OVO Energy customer.

      It all adds up to a 30% savings off the Reference Price for a flat-rate household without controlled load in the Energex network (SE QLD) using 4,613kWh of electricity per year. Your bill will vary based on your actual usage and tariff.

  • mheloy on 26/04/2024 - 10:06

    How do you stack the welcome credit with referal code? I'm moving to OVO from Amber

    Thanks

  • Frozensage on 26/04/2024 - 11:26

    this deal kills the referral no? you only get 120 over 12month if you signed up via referral whilst this u get 150 in 3 month? If I didn't give a sh about the referrer then I'd just go with 150?

    • Clarky77 on 26/04/2024 - 16:56
      -1

      No both offers stack, on the signup page after you go through a referral link you’ll only see the referral bonus (12x $10) but if you download the offer details it will also show the current signup offer which adds $150 ($50x 3) so they both stack.

      • mkowarkski on 29/04/2024 - 22:10

        I agree that it shows the signup offer in the offer details. But do we know that they work together? Won't they say that you used referral bonus, so you won't get $150 bonus?
        Have you got both of the bonus?

        • regenade on 17/05/2024 - 16:19

          @Clarky77 Did you end up getting both of the referral credit of $10 per month and the $150 welcome credit ($50 per month) ?

          • Clarky77 on 07/06/2024 - 16:25

            @regenade: Initially they just gave me the referral credit so I had to call them and explain that I downloaded my offer (showing the $150 welcome credit) directly from that referral page.
            They tried to say it was an error because the offer was so new and said “we can try to change you to the welcome offer” but after some argument they agreed to credit both.

  • Sleepycat3 on 26/04/2024 - 11:58

    AGL's pricing is much better than OVO's. Check AGL's EV plan. You need to look for the EV plan page and enter your address in there and not do it from the main page.

    I went from $750 per quarter with Energy Australia, before they hit me with a big price increase to Globird at $700 per quarter. Globird than hit me with a 40% price increase, and I went to AGL EV, which is now at $350 a quarter.

  • Victorious on 26/04/2024 - 12:21

    When does this offer expire? Ideally I want to switch in 4 weeks.

  • h4lcyon on 26/04/2024 - 12:54

    I can't seem to find the controlled load supply and solar metering charges on the plan info, am I blind? :D

    • h4lcyon on 29/04/2024 - 09:32

      Ahh they don't charge for CL supply and solar metering in my post code.

  • schho on 26/04/2024 - 20:40

    Just used Cashrewards in conjunction with this offer and got $70 tracked :) It didn't have the exact plan I wanted, but I figured I could just wait until after 3 months to change.

    • manwithtwobrains on 29/04/2024 - 12:09

      I can't access this offer through cash rewards, the shop now button just takes me to econnex which doesn't list ovo, care to share how you managed it?
      Edit, I've been trying to switch both electricity and gas, ovo only shows under electricity offers, although it offers both on the cr home page, confirmed through ovo cs, electricity only..

      • schho on 29/04/2024 - 15:50

        Hi there - I have a feeling it depends on where you live, as not all plans are applicable to all areas. I also only have electricity. What other plans were you offered?

        • manwithtwobrains on 29/04/2024 - 18:47

          Nothing else, just the $150 credit and the $70 cash back. It's an error on the cash rewards link offering both gas & electricity with $112 cash back.

  • dcomo on 28/04/2024 - 10:26

    I'm confused with the singup offer and the Free 3hr energy rate

    1) If I use the referral link above, will I then get $10/month PLUS the $150 singup bonus?
    I clicked referral link and it only shows $120 (ie: 10/month) offer, not the $150…

    2) Has someone used / using their free3 hrs rate (11m-2pm free every day) - how do we know this is getting tracked, does it show in the bill or something?

    • Nom on 29/04/2024 - 21:09

      does it show in the bill

      Yes.

    • mkowarkski on 29/04/2024 - 22:13

      "If I use the referral link above, will I then get $10/month PLUS the $150 singup bonus?"

      Very good question. Not sure if they stack.

      I don't take risk. Will only apply through the $150 one, unless someone can really confirm they got both

      • dcomo on 30/04/2024 - 20:11

        Yup, I went with the $150 through their site… couldn't take risk unfortunately!!

      • tempting on 02/05/2024 - 14:57
        +2

        Refer-a-friend T&Cs

        4 . Offer exclusions

        The Refer a Friend Credit:

        (d) is not available in conjunction with any other credit offer, such as a Welcome Credit.

        Will be going with the $150 Welcome Credit :)

        • mkowarkski on 02/05/2024 - 18:09

          Makes sense. I chose that route, too

    • financialminimalism on 05/05/2024 - 18:45

      At first sign-up, you can't use both at once, it's one or the other.
      But once you've signed up (using the $150 welcome credit), you can then earn referrals which stack on top (as many times as you like!).
      Tried to explain that in the description, but perhaps wasn't clear.
      So Month 1 you get $50 back (and for the next 2 months after that), but if you give your referral code to your friends or family (or register it on OzBargain's links system) then you can potentially earn an additional $10 off per month from Month 1 onwards based on how many other people you sign up.
      So it's stackable - just not at first sign-up.

  • movieman on 01/05/2024 - 21:02
    +1

    Thanks OP.

    Signed up today.

    Appreciated!

    • financialminimalism on 05/05/2024 - 18:43
      +1

      Glad to hear the rates worked for you!
      They are good in my area too, but not everywhere obviously.
      Even if the rates aren't good in your area, doesn't hurt to grab the welcome credit over 3 months then churn. It's a very quick and painless process to move between providers.

  • creeps_bay on 04/05/2024 - 21:43
    1. Offer exclusions

    The Refer a Friend Credit:

    (a) is only valid on an OVO Energy Plan;

    (b) can only be used to offset your charges on your OVO Energy account and cannot be refunded or redeemed for cash; and

    (c) is not transferable to any other customer or to any other premises (unless stated in these terms).

    (d) is not available in conjunction with any other credit offer, such as a Welcome Credit.

    • financialminimalism on 05/05/2024 - 18:41

      Correct - you can't use both at once, it's one or the other. But once you've signed up (using the $150 welcome credit), you can then earn referrals which stack on top (as many times as you like!).

  • Koffee on 10/05/2024 - 00:50

    Their deal for my property is 7% more expensive than other local properties according to the Vic energy compare, but $150 over 3 months and I'll be outta there…so whatever.

  • Irishness on 10/05/2024 - 12:49
    +1

    plus $90 cashback through cashrewards too (paid after 90 days through econnex), yes you still get the $150 signup bonus

  • London on 14/05/2024 - 12:25
    +1

    I can confirm the offer stacks with referral.

    I forgot to add the referral when I joined. But the customer service was able to add it for me afterwards.
    Now I get $10 a month off for 12 months + the $150 (3x$50) offer for joining.

    • denserham on 15/05/2024 - 12:40

      Possible it only stacks because they did it manually through the backend and made a mistake.

      • London on 15/05/2024 - 13:05

        Maybe. Worth contacting them.

        • denserham on 15/05/2024 - 13:06

          Yea, but for my situation I would be better off signing up via econnex get $90 cashback and $150 off first 3 months then bounce to a cheaper provider.

          • regenade on 17/05/2024 - 15:52

            @denserham: Where are you seeing econnex $90 cashback ?

            • denserham on 17/05/2024 - 16:04

              @regenade: Cash rewards via econnex I think

              • regenade on 17/05/2024 - 18:53

                @denserham: EConnex is down to $70 now, will wait for $90 cashback or try to stack with referral offer/Virgin Money 20000 points

    • ur enq on 07/06/2024 - 10:29

      I rang the customer service but they wanted the referrer's account number instead of the referral link. Is that your case too? Please pm me if you would like to share yours. Cheers

      • London on 07/06/2024 - 19:29

        Yes it was the same for me + the name of the person.
        I have sent you a pm with all my information.
        Thanks.

        • me1stt on 09/06/2024 - 23:36

          Hi. I just signed up and would like to try asking for the referral bonus too. Would you mind sending me your account details? Thanks.

  • BuddhaBoy on 25/05/2024 - 22:39

    The EV plan looks good.

  • BuddhaBoy on 28/05/2024 - 20:41

    Thanks OP, switched to the EV plan. When I clicked the referral link it showed $120 bonus credit. So I signed up without the referral to get $150.

    This is the first time switching energy provider over a decade.

  • London on 03/06/2024 - 20:49

    Have you well received your $50 installment the second month ?

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