UK Energy Minnow, Ovo Energy Recently Raised It Domestic Energy Charges By 8%.  Other UK Suppliers Could Follow. Could This Be The Right Time To Fix Tariffs?

Ovo Energy was recently the darling of the UK domestic energy consumer for giving us the opportunity to switch to its rock bottom energy tariff - Ovo New Energy.

This tariff undercut even the fierce price cuts that British Gas made weeks before by a large margin - indeed many did take the plunge and sign up for Ovo's tariff, which fixed prices for twelve months.

Recently however, Ovo have raised the cost of the same tariff, bringing it more in line with those of the big six and those that did sign up were lucky to have signed up when they did.

This recent rise, which witnessed prices go up by around 8% could signal the beginning of a host of energy price rises from the rest of the UK's suppliers, with some commentators saying that this is now the time to move to a the lowest fixed priced tariff you can find and fix your prices for the foreseeable future.

Alex Doonan - operations manager at Seeus2save.com explains:

Ovo blamed the increase on the price of wholesale domestic fuel which has been rising for the past three weeks and is sure other suppliers are due to follow.

If you are worried about price rises and would like to see what other fixed and capped tariffs are available please visit the Seeus2save online energy calculator