Energy firm Ovo cuts dual fuel tariff by 7%
The New Energy Fixed Tariff from Ovo, which supplies 15 per cent of its energy from renewable sources, has an average cost of 855 a year, based on medium usage levels.
The deal enables it to undercut the big six energy suppliers – E.ON, EDF Energy, British Gas, npower, ScottishPower and Scottish & Southern Energy – for standard gas and electricity tariffs. It also edges out fellow newcomer First Utility, which previously offered the most competitive standard rate at an average of 889 a year.
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Hide AdBut online dual fuel deals paid by direct debit remain the cheapest available, with the average family paying by on receipt of a regular bill able to save up to 300 a year by moving to the best online tariff.