|Key people:||Stephen Fitzpatrick (Director)|
|Products:||Gas and Electricity|
It is one of the smaller energy companies as opposed to the Big Six which dominate the market.
The company sources its energy from various suppliers throughout the UK and from further afield as outlined below. Ovo Energy's headquarters are based in Bristol. Ovo Energy is an independent supplier and is British-owned and privately backed.
Ovo Energy had been supplying gas and electricity to domestic customers since 2009, until April 2013, when the company decided to enter the business energy market targeting UK small and medium enterprises with electricity products. This resulted in Ovo Energy expanding its reach, enabling it to partner a number of online business energy brokers, for example Love Energy Savings, another UK SME. In recent years many new energy suppliers have appeared on the market, and Love Energy Savings, like Ovo Energy, add to a growing number of SME energy providers and brokers attempting to bring a further perceived industry choice to the B2C and B2B energy markets. This sector of the UK economy is allegedly dominated by a finite number of larger companies such as the Big Six Energy Suppliers (UK).
In October 2013 Managing Director Stephen Fitzpatrick appeared at a Parliamentary Select Committee in front of the Energy and Climate Change Select Committee (ECCC), to justify recent gas and electricity price rises. Fitzpatrick courted controversy, explaining to the committee that the 'wholesale gas price had actually got cheaper', contrary to the Big Six Energy Suppliers' assertions that international global prices of gas and electricity had consistently risen.
The electricity Ovo Energy sources comes from various generators. Its two tariffs include 15% green electricity (Ovo New Energy) and 100% green electricity (Ovo Green Energy), coming from sources including wind farms in Gloucestershire and North Wales and electricity generated from the burning of landfill gas.
Ovo Energy sources its gas from the national grid. The majority of the UK's gas is sourced from the North Sea; the rest comes from Norway, Continental Europe and some from further afield. Increasingly, gas is imported as liquefied natural gas (LNG), natural gas cooled to about −165°C and compressed to make it easier to transport.
Ovo Energy was voted 'Top Energy Provider' in the Which? Switch consumer survey, receiving high scores across the board. With consumers providing the company with five stars for customer service, bill clarity and accuracy, and value for money, Ovo Energy received top marks with a total of 77%. This score has now dropped to 74% with the scores dropping from five stars to four stars across the board. The company has also dropped in rank to fifth place on the 2013 Which? customer service survey. 
- "Martin Hickman: Suppliers run rings around regulators". The Independent (London). 7 October 2009.
- "Ovo Energy boss 'confused' by larger firms' price rises". London. 29 October 2013.
- "Which? names the best and worst energy companies". Which?. 24 January 2011.