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OVO 2 Year Fixed is a household electricity and gas tariff that fixes the customer's unit rates and daily standing charges for 24 months. It is OVO's longest current fixed-price household plan and is intended for customers who prioritise price certainty and expect to remain on the tariff for the full two-year period. OVO currently lists an early exit fee of ยฃ95 for each fuel, meaning a dual-fuel household could face charges totalling ยฃ190 if it leaves early without qualifying for an exemption. The tariff is also compatible with OVO Charge Anytime, allowing an eligible electric vehicle owner to combine fixed household energy prices with managed EV charging. This guide was checked on 11 July 2026.
When a customer joins the tariff, OVO confirms the price charged for each kilowatt hour of electricity and gas. It also confirms the daily standing charge for each fuel. These rates are fixed for 24 months from the tariff start date. OVO describes the product as its longest fixed plan and promotes it to customers who want stability and are not expecting to switch supplier soon. A fixed tariff does not mean that the household pays exactly the same amount every month. The unit rates are fixed, but the total bill still depends on consumption. A home using more gas during a cold winter or charging an electric vehicle more frequently will pay more because it has consumed additional energy. OVO's core terms make this distinction clear: a fixed tariff fixes the rate per unit and, where applicable, the standing charge for a defined period, but it does not fix the customer's monthly payment.
OVO normally estimates the household's likely annual energy cost and spreads it across monthly Direct Debit payments. If actual consumption is higher than forecast, the monthly payment may need to increase. If the household uses less energy or builds up excessive account credit, the payment may be reduced. This can occur without any alteration to the tariff rates. For example, suppose a household joins the tariff using an estimate of 9,000 kilowatt hours of annual gas consumption. If a colder winter, new occupant or change in heating settings raises consumption to 12,000 kilowatt hours, the annual gas bill will increase even though the gas unit price remains fixed. Customers should therefore compare tariffs using annual consumption and the actual quoted rates rather than using the proposed monthly Direct Debit alone.
OVO does not publish one universal two-year fixed price covering every UK household. The electricity price can vary according to the property's distribution region. Meter type, payment method, fuel selection and the offer available when the quotation is produced can also affect the result. A customer should review the complete quotation, including: The electricity unit rate The electricity standing charge The gas unit rate, where applicable The gas standing charge The estimated annual cost The tariff start and end dates The exit fee for each fuel Any additional products or services A slightly lower unit rate can be cancelled out by a higher standing charge, particularly in a low-consumption home. A high-use household will normally be affected more strongly by the unit rates because they apply to every kilowatt hour consumed.
OVO's current 2 Year Fixed terms state that it may charge ยฃ95 for each fuel when the customer changes supplier or tariff before the fixed end date. For an electricity-only household, the possible exit cost is ยฃ95. For a dual-fuel household moving both electricity and gas, the possible combined charge is ยฃ190. This is significantly higher than the current ยฃ50-per-fuel fee attached to OVO's standard one-year fixed tariff. The higher charge reflects the longer commitment and makes it especially important to consider likely household changes over the next two years. A customer expecting to install a heat pump, add solar panels, buy an electric vehicle or move home should consider whether another tariff could become more suitable before the two-year term ends.
OVO's core terms list several situations in which an exit fee should not be charged. These include cancelling during the cooling-off period, ending the tariff because the customer is moving house, switching after receiving the renewal statement or within the protected period before the fixed tariff ends, and leaving because the customer rejects a qualifying disadvantageous contract change. OVO's customer guidance currently says the normal renewal period begins 53 days before the contract end date. Its core contractual terms refer to the earlier of receiving the renewal statement or 49 days before the tariff ends. Because these two official pages describe slightly different periods, customers should use the date stated in their own renewal notice and tariff confirmation before starting a switch. OVO also says customers moving home can close their existing account without an exit fee, provided the move is handled correctly. The tariff does not necessarily transfer to the new property at the same rates because location and meter arrangements may differ.
The main advantage of the tariff is protection from ordinary market-driven price increases during the fixed term. OVO Simpler Energy is a variable tariff whose rates may change. A household on 2 Year Fixed normally continues paying the agreed rates throughout the two-year contract rather than moving with each variable-price revision. This can be valuable if variable tariffs increase substantially during the contract. A household using large amounts of energy receives more protection in cash terms because the fixed rate applies to more units. A difference of 3 pence per kilowatt hour is worth ยฃ60 a year to a household using 2,000 kilowatt hours, but ยฃ180 a year to one using 6,000 kilowatt hours. The tariff can therefore function as protection against price volatility rather than simply as an attempt to obtain the lowest immediate rate.
The risk is that energy prices fall after the customer fixes. A household on Simpler Energy could receive lower variable rates when OVO updates that tariff. Someone on 2 Year Fixed normally remains on the contracted prices. The customer could leave, but the potential exit fee must be deducted from any expected saving. Suppose a dual-fuel household finds another tariff expected to save ยฃ260 over the remaining contract. After deducting ยฃ190 of OVO exit fees, the effective benefit would be only ยฃ70. If the alternative tariff saved ยฃ150, leaving would create no financial gain once the exit charges were included. This is why the two-year product should be judged over its full term rather than from the opening price alone.
OVO's one-year and two-year tariffs both provide fixed unit rates and standing charges. The main differences are the contract length and exit fee. The one-year tariff fixes rates for 12 months and currently has a ยฃ50-per-fuel exit fee. The two-year tariff fixes rates for 24 months and currently has a ยฃ95-per-fuel exit fee. The one-year product provides an earlier opportunity to review the market. It may suit a customer who wants short-term certainty but expects their household circumstances to change. The two-year product provides longer protection but creates greater risk if prices fall or a more suitable specialist tariff appears. The two-year price should not automatically be assumed to be lower than the one-year price. Each quotation reflects OVO's pricing and market expectations when it is issued.
OVO confirms that 2 Year Fixed works with Charge Anytime. Charge Anytime is an add-on for eligible electric vehicle owners. The household remains on the two-year fixed tariff for normal electricity use, while qualifying smart EV charging is dealt with separately. OVO's pay-as-you-go Charge Anytime option currently reduces eligible managed EV charging to 14 pence per kilowatt hour. OVO also offers monthly packages containing home-charging mileage allowances and public-charging vouchers. The customer needs an OVO account, a compatible smart meter and a compatible electric vehicle or charger. OVO schedules charging within the period selected by the driver, aiming to use greener and lower-cost times. Ordinary household electricity remains charged at the fixed home rate. The Charge Anytime benefit applies to qualifying EV charging, not automatically to battery storage, hot-water heating, washing machines or other appliances. Charging that exceeds a monthly plan allowance, or urgent charging that overrides the managed schedule, can be charged at the normal household tariff rate.
A smart meter is not the defining feature of the basic fixed tariff, but one is required for Charge Anytime and other services that depend on detailed consumption data. A working smart meter can provide more accurate bills and allow the customer to examine when electricity is being used. Traditional meter customers should submit regular readings. Estimated bills can result in the account appearing artificially in credit or debt and can cause the monthly Direct Debit to be set incorrectly. Customers adding an EV, electric heating or another major load should update their consumption estimate rather than waiting for the next annual review.
OVO contacts customers as the contract approaches its end and offers available renewal options. If the customer does not choose another fixed product, OVO says the account will normally move to Simpler Energy, its standard variable tariff. The new tariff's rates can rise or fall after the transfer. The customer should review the renewal offer rather than allowing the transfer to happen without comparison. By that stage, the household may have different consumption, a new vehicle, solar panels, battery storage or changed heating needs. The tariff that was appropriate two years earlier may no longer be the strongest option.
OVO 2 Year Fixed may suit a household that wants long-term price certainty, expects to remain in the same property and is unlikely to change energy supplier during the next two years. It may appeal to customers who are concerned about future energy-price increases and are comfortable accepting the risk that prices could instead fall. It can also suit an eligible EV owner using Charge Anytime, because managed vehicle charging can be added without abandoning the fixed household tariff. The plan may be less suitable for someone expecting to move, install new energy technology or review suppliers regularly. It may also be inappropriate where the two-year quoted rates are noticeably above OVO's one-year or variable alternatives. The ยฃ95-per-fuel exit fee means a poor decision can be expensive to reverse. OVO 2 Year Fixed offers OVO's longest period of current household price protection. Its value comes from stability rather than guaranteed savings. The customer should compare the full regional quotation, expected two-year consumption and possible exit costs before accepting the contract.
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