Energy company Ovo has partnered with Tesco to offer new and existing customers £25 or £50 worth of Clubcard points to spend on days out and restaurant visits. But how do Ovo’s tariffs compare?
The green electricity provider and the supermarket giant have joined forces for the Clubcard offer, which is valid until June 11, 2025.
The 2,500 points are worth £25 in store, or the vouchers can be exchanged for rewards worth double the value (last year it was worth three times) which can be spent at over 100 different rewards partners including Legoland, Virgin Atlantic, Prezzo and magazine subscriptions.
Here’s how to get it…
Existing Ovo customers
You are entitled to the free 2,500 Clubcard points provided you are on a fixed price or standard tariff with variable rates, have a smart meter and pay your Ovo bill by direct debit.
You will also need to have a Tesco Clubcard online account, but don’t worry if you’re not part of the loyalty program. You can sign up via the Tesco website and then follow these steps once your Clubcard is set up:
- Log in to your Ovo account
- Go to your profile and select “Our Partners”
- Click on the Tesco Clubcard logo
- Link your Tesco Clubcard and Ovo accounts
- Activate the offer in your Clubcard account.
You will receive your points 60 days later.
Are you thinking about switching to Ovo?
If you are already with an existing energy supplier but are considering switching, check whether you may incur any termination fees before cancelling your fixed tariff.
If you’re considering Ovo as your next provider, please note that the Tesco offer doesn’t apply to prepaid plans. You’ll need to have a smart meter fitted and pay by direct debit.
You can see Ovo’s energy tariffs here and to get the Tesco points new customers should follow this Ovo link.
Once you have linked your Clubcard, points will be credited to your Tesco account within 60 days of your delivery start date.
How good are Ovo’s energy tariffs?
Elise Melville, energy expert at Uswitch.com, said: “It’s great to see energy suppliers finding new ways to help their customers reduce their bills, such as this £25 Tesco Clubcard incentive from Ovo Energy.”
Melville added: “Ovo’s 12-month fixed tariff currently costs £1,640 for an average household with typical usage, making it the third cheapest fixed tariff on the market with the £25 offer.
“Please note that customers using both fuel types will be subject to a £150 early termination fee, so if you change your mind or want to switch to a different deal in the next few weeks or months, you will need to pay this fee.”
Uswitch has listed the 10 cheapest energy tariffs below:
Source: Uswitch.com. Prices valid from 11am 25 June 2024. The tariffs included in the table are the cheapest 12 or 14 month fixed tariffs with no bundling – no variable or tracker. All energy tariffs and prices mentioned are subject to change without notice and vary by region. These are the cheapest tariffs available based on suppliers who have updated Uswitch with their tariffs.
*British Gas tariff is available exclusively on Uswitch.com and Confused.com and is accessible directly through British Gas.
Mat Moakes, Chief Commercial Officer at Ovo, said: “We are always looking for new and innovative ways to reward our customers for supporting us on our mission for a greener future, so we are delighted that this offer is also open to new customers.
“The cost of living remains a major challenge for households and our partnership with Tesco is one of the many ways we give back to our customers by offering them rewards to spend as they wish. There couldn’t be a better time to join Ovo and benefit from this partnership.”
Lizzie Reynolds, Membership and Loyalty Director at Tesco Group, said: “Clubcard gives you the best value for money at Tesco and we are always looking for new ways to offer even more benefits to the 22 million UK households who hold a Clubcard.”
“Thanks to our new partnership with Ovo, many Clubcard holders can now unlock 2,500 additional Clubcard points, save money on purchases or double the value at more than 100 Clubcard rewards partners.”
Related: Average annual energy costs will fall by £122 from summer