OVO energy is the latest new entrant to the energy market in Britain. Adding a new supplier to the mix is always a good thing for consumers, as it not only indicates that competition is alive and well, but also stimulates competition further in itself, helping to drive prices in the marketplace down further.

OVO energy offer two tariffs, one of which offers 100% green electricity (at a small premium), and one of which already includes 15% green energy with no premium attached. Both have a fixed price option over 12 months. Customers, as always, should be aware of the cancellation charges which will apply if the contract is cancelled early – £30 per fuel in this case. Fixing rates may not be right for everyone, so it always pays to consider your priorities and decide if security or cheaper prices are more important to you before you compare.