OVO Energy Heat Pump Tariff: What's Available in 2026
OVO Energy does not currently offer a dedicated heat pump tariff — and that matters. OVO's Heat Pump Plus tariff closed on 1 February 2026 (OVO). Heat pump owners on a flat-rate tariff can miss out on savings of a few hundred pounds a year that time-of-use tariffs offer if heating is scheduled into cheap windows.
In this review, we examine what OVO currently offers, where they fall short for heat pump owners, and whether you should consider switching to a supplier with a dedicated heat pump product.
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What OVO Offers Heat Pump Owners
| Product | Rate | Time-of-Use? | Heat Pump Benefit |
|---|---|---|---|
| OVO Standard Variable | Up to 26.32p/kWh (price cap) | No | None specific |
| OVO Fixed Deals | Varies (check OVO) | No | Price certainty |
| Heat Pump Plus | Closed | - | Closed from 1 February 2026 |
| OVO Greenlight | Informational | Signals only | Usage awareness |
Price cap: Ofgem, 1 October 2026 to 31 December 2026 (GB average, Direct Debit). Heat Pump Plus closure: OVO, February 2026. Check OVO's current rates. Last reviewed October 2026.
OVO's standard variable rate is limited by the Ofgem price cap. Without off-peak windows, a heat pump using 4,000 kWh per year costs about £1,053 a year at the October 2026 cap rate of 26.32p/kWh, compared with about £731 in our Cosy-style time-of-use illustration below.
How OVO Compares to Heat Pump Tariffs
OVO Greenlight: Smart but Not a Tariff
OVO Greenlight shows you half-hourly carbon intensity and pricing signals through the OVO app. It helps you understand when electricity is cheapest and greenest — but it does not change what you pay. It is informational rather than a tariff.
If OVO converts Greenlight into a genuine time-of-use tariff with cheaper off-peak rates, it could become competitive for heat pump owners. Until then, it is a nice feature but not a reason to stay.
Should You Switch Away from OVO?
If saving money on your heat pump is a priority and you can schedule your heating, it is worth comparing. In our illustration, a Cosy-style tariff such as Octopus Cosy saves about £320 a year. Note that Scottish Power's Heat Pump Saver is not currently available, and EV tariffs such as EDF GoElectric usually require an electric vehicle.
The only reasons to stay with OVO are if you highly value their green credentials (100% renewable electricity), are locked into a favourable fixed deal, or are waiting to see whether OVO launches a replacement heat pump tariff.
For a full comparison of all options, see our best heat pump tariff guide and tariff comparison table. Also consider whether adding solar panels could further reduce your grid dependency regardless of tariff choice.
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Frequently Asked Questions
Does OVO Energy have a dedicated heat pump tariff?
No. OVO's Heat Pump Plus tariff closed on 1 February 2026 (OVO), and we could not find a replacement heat pump tariff (last reviewed October 2026). OVO offers standard and fixed-rate tariffs plus Greenlight half-hourly pricing signals, but lack the time-of-use structure that benefits heat pump scheduling.
Is OVO cheaper than Octopus for heat pump owners?
Usually not, if you can shift heating into cheap windows. OVO's standard variable rate is capped by the Ofgem price cap (26.32p/kWh GB average), while Octopus Cosy charges 51% below the regional day rate in three daily windows.
What is OVO Greenlight?
OVO Greenlight shows you half-hourly carbon intensity and pricing signals through the OVO app. However, it does not change what you pay — it is informational rather than a tariff.
Should I switch away from OVO if I have a heat pump?
If saving money is your priority and you can schedule your heating, it is worth comparing: in our illustration a Cosy-style tariff saves about £320 a year on 4,000 kWh. See our 10 tips for cutting heat pump costs for more ways to save.
Will OVO launch a heat pump tariff?
OVO closed Heat Pump Plus on 1 February 2026 and we have not seen any confirmed replacement. Check OVO's own site for the latest position.
OVO Energy in the UK Heat Pump Landscape
OVO Energy's position highlights a gap in the market for environmentally conscious heat pump owners who want both green credentials and cost-effective tariffs. While OVO supplies 100% renewable electricity, the lack of a dedicated heat pump pricing structure puts them at a disadvantage against more innovative competitors. As heat pump adoption grows under the Boiler Upgrade Scheme and improved home insulation standards, suppliers who combine green energy with smart pricing will capture the largest share of this growing market. Solar panel owners may find OVO's export rates worth evaluating alongside their heat pump tariff decision.