2009 saw the introduction of OVO in the UK, with a focus on excellent customer service, reasonable prices, and increased access to renewable energy. Currently the biggest independent retailer in the UK, providing over 5 million homes with energy from renewable sources. OVO used the same green strategy when we launched in Australia in late 2019.
As soon as you sign up with OVO Energy, they promise to automatically buy 10% of your electricity from renewable energy sources. You will not be charged more for this, and it is audited as part of the government’s GreenPower program.
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OVO Energy Plans
A government program called GreenPower certifies power originating from authorized renewable energy sources, such as solar, wind, water, and biofuels.
Completely Carbon Neutral
Ovo Energy evaluates all pollutants emitted during the four major phases of energy retail—generation, transmission, our business operations, and supply—as well as the entire life cycle of selling electricity to their clients.
After that, they buy carbon offset certificates from globally renowned programs that have been approved by the Clean Energy Regulator, such as forestry, renewable energy, or energy efficiency programs, to cover the whole emissions of their clients.
What Makes OVO Stand Out?
OVO Energy is merely expressing gratitude to clients for maintaining a positive balance on their account.
Customers are likely to accumulate credit since Ovo Energy’s tariff smooths out bills at specific times of the year. They feel that since they have your money, they should be paying you interest.
For instance, OVO Energy determines the customer’s Interest Reward based on the credit balance on their account if they are in credit at the time of statement generation. The payment will not appear as a line item on the customer’s bill until their subsequent statement.
The number of days that separate the two statements determines how much interest is paid; OVO Energy computes the interest reward that is owed to the customer automatically and credits it to their account.
In their first year, customers receive a 3% interest reward. OVO Energy raises this to 4% in year two and to 5% in year three and beyond. In essence, customers express gratitude more to OVO Energy the longer they are a part of the company.
We put a lot of effort into locating excellent offers from reputable energy retailers.
FAQ's
There are a multitude of reasons for rising electricity prices in Australia. One of the main ones has been the need to invest in maintaining and improving the network infrastructure in order to increase capacity in a growing population. Another factor has been the need to address environmental issues, which means minimising the use of coal plants and creating more renewable energy sources.
Proposals to keep price increases in check have included:
- Further privatisation of state government-owned electricity networks
- Adjustments to environmental policies that impact wholesale energy costs
- Further retail price deregulation
- Setting standards based on the value that customers place on network reliability
Unfortunately, there’s no “best” or “one-size-fits-all” energy plan or provider, as finding a plan that suits you will ultimately depend on your individual needs and circumstances. When comparing plans, it may be beneficial to consider the following questions:
- How many people are living or working in the premises?
- What is the property made of? Does it maintain temperature well?
- What type of connections are available at the address? Just electricity, or is gas available as well?
- Does the property have solar panels, or would you be able to install them?
Before you switch energy providers, it’s important that you review the full details of your existing plan and the one you’re intending to switch to. This will ensure you’re switching to something that is actually going to be more beneficial for you.
You should also ask yourself the following questions:
- For electricity, what is the cost per kilowatt per hour?
- For gas, what is the cost per megajoule?
- Are there any fixed costs or service fees?
- What is the length of your contract and are there any exit fees?
- Can prices change during the contract?
- Do I get a discount for paying on time?
With Flipr you can compare plans offered from our range of providers*, and select the one which suits you. Start comparing online, or call us today on 1300 979 750 to talk with our friendly team.
Smart meters are designed to measure and record your electricity usage. This data is then transmitted every 30 minutes to your electricity distributors (the company that owns and maintains the grid, poles, and wires). Your energy provider also receives the data and may make it available to you via a web portal or app, allowing you to monitor your energy consumption, better manage your costs, and compare different offers that may be more suitable.
It also allows your meter to be remotely read by your provider, which means no more estimated bills. It can quickly notify your distributor if there’s a power outage, which means the problem can be located faster, repair crews can be allocated quicker, and repairs can begin sooner.
Solar power is a common form of renewable energy, generated from the sun’s heat or from sunlight. Captured through the use of solar panels, often on the roofs of residential and commercial properties, the energy produced is converted into electricity or used to heat air, water, and to power homes, businesses, and batteries.
More than two million Australian households have a solar system on their rooftop for electricity generation, although there are a variety of other ways that solar energy can be harnessed. These include:
- Hot water systems
- Cars and school buses
- Phone chargers
- Wearables
- Air conditioners
- Security cameras
- Advertising displays
- And more
How much you’re paying for electricity and what’s causing your bill to skyrocket each month can seem like a difficult puzzle to figure out. But thankfully, there’s a simple formula to help you calculate your electricity costs from watts. All it takes is the following steps:
- Find out how much you pay per unit of electricity. This is usually calculated in kilowatts per hour (kWh) and is typically found on your bill. There may be different rates for peak and off-peak usage.
- Determine how much input power your appliances are using. This information is often found on the packaging or in the instruction manual in watts. Convert this to kilowatts.
- Multiply the input power in kW by the price of your electricity per kilowatt hour (kWh). As an example, 3kW (appliance input power) x 30c per kWh (cost of electricity per hour) = 90c per hour to use that appliance.
Companies and organisations in Australia and around the world are trying to reduce their carbon footprints to help address increasing environmental concerns. One way many are doing this is by aiming to become carbon neutral. This is when an entity’s net greenhouse gas emissions are equal to zero.
Achieving this requires a company to reduce their emissions as much as possible, and then purchase carbon offsets equivalent to the remaining emissions. This allows them to contribute to a range of social, environmental and economic outcomes, such as providing employment for local communities and supporting the maintenance of habit for native animal and plant species.