Ovo energy customer? You may be moved to E.on in future – here's what's happening
Ovo energy users could become E.on customers later this year under a planned takeover deal agreed between the two energy suppliers. However, there's no change for now, with the deal still subject to regulatory approval, including potential scrutiny from the competition watchdog.
The deal to buy rival supplier Ovo would see E.on become Britain's largest energy supplier, with about 9.6 million customers, surpassing the current biggest supplier Octopus. E.on has 5.6 million household customers, while Ovo has 4 million. Ovo launched in 2009.
The firms have not disclosed the value of the deal, which is expected to complete in the second half of 2026.
Ovo or E.on energy customer? You don't need to do anything right now
To summarise in brief:
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Ovo and E.on will continue to operate separately until the deal is (or isn't) approved.
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This means there is no immediate change to any of your services, payments, or how you contact each firm.
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Both firms have said that existing tariffs will be "honoured in full".
Stephen Fitzpatrick, founder of Ovo, commented: "Bringing Ovo together with E.on is the right next step for customers, for colleagues, and for the long-term commitment that decarbonisation [moving away from fossil fuels] requires."
Ovo's boiler and insurance business is also being sold
Ovo has also agreed to sell its home services division, which provides boiler servicing and insurance, to energy services provider Hometree. On completion, the combined company is expected to serve nearly 500,000 customers.
This deal is also subject to regulatory approval, with Hometree saying it's expected to complete in the summer of 2026.
However, again, there's no change for now and no action you need to take.
You can save 3% compared to the current Price Cap by fixing
While energy prices have spiked recently due to the Middle East conflict, there are still fixes up to 3% below the current Price Cap. Plus, with rising energy wholesale costs, the Cap is expected to rise by 13% in July, so with a cheap fix you can lock in at a lower rate for a year, get price certainty and save instantly.
Your cheapest fix depends on where you live and how much energy you use, so do a comparison.
Additional reporting by the Press Association.
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