Energy firm Ovo has teamed up with Tesco to offer new and existing customers Clubcard points worth £25 or £50 when used on days out and dining experiences. But how are Ovo tariffs stored?
The green energy supplier and the supermarket giant have teamed up for a Clubcard offer valid until 11 June 2025.
These 2,500 points are worth £25 in store or vouchers can be redeemed for double the reward (down from last year’s 3x value exchange) to be spent at over 100 different rewards partners including Legoland, Virgin Atlantic, Prezzo and magazine subscriptions .
Here’s how to get it…
Existing customers of Ovo
You’ll be eligible for 2,500 free Clubcard points if you’re on a fixed or standard variable plan, have a smart meter and pay your Ovo bill by direct debit.
You must also have an online Tesco Clubcard account, but don’t worry if you’re not part of the loyalty scheme. You can sign up via the Tesco website and once your Clubcard has been activated, follow these steps:
- Sign 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 get your points 60 days later.
Thinking about switching to Ovo?
If you are already with an existing energy provider but are thinking of switching, first check any penalty penalties before ending your fixed tariff.
If you are considering Ovo as your next supplier, please note that Tesco’s offer does not apply to pay-as-you-go tariffs. You will need to have a smart meter installed and pay by direct debit.
You can view Ovo energy tariffs here and to earn Tesco points new customers should follow this Ovo link.
Once you’ve linked your Clubcard, points will be credited to your Tesco account within 60 days of the 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 looking at new ways to help customers reduce their bills, including this £25 Tesco Clubcard incentive from Ovo Energy.”
Melville added: “Ovo’s 12-month fixed plan is currently priced at £1,640 for an average household with typical consumption, making it the third cheapest fixed plan on the market with a £25 offer.
“It’s worth noting that there is an early exit fee of £150 for a dual fuel customer, so if you change your mind or wish to switch to another offer in the following weeks or months, you will have to pay a penalty. “
Below, Uswitch lists the top 10 cheapest energy tariffs:
Source: Uswitch.com. Prices are correct as of June 25, 2024 at 11:00 AM. The tariffs included in the table are the cheapest 12-month or 14-month fixed tariffs that are not included in the package – they are not variable or tracking. All energy tariffs and prices shown are subject to change without notice and may vary by region. These are the cheapest tariffs available based on suppliers who have updated Uswitch with their rates.
*The British Gas tariff is exclusive to Uswitch.com and Confused.com and is available directly from British Gas.
Mat Moakes, Chief Commercial Officer at Ovo, said: “We’re always looking for new and innovative ways to reward our customers for joining us on our mission for a greener future, so we’re thrilled to be opening this offer to new customers. also.
“The cost of living remains a key challenge for households and our partnership with Tesco is one of the many ways we are returning rewards to our customers to spend as they choose. There could not be a better time to join Ovo and benefit from this partnership.”
Lizzie Reynolds, Tesco Group Director of Membership and Loyalty, said: “Clubcard unlocks the best value at Tesco and we are always looking for new ways to bring even more benefits to the 22 million UK households that have a Clubcard.
“Thanks to our new partnership with Ovo, many Clubcard holders can now unlock an extra 2,500 Clubcard points, earning cash back or double value on purchases with over 100 Clubcard rewards partners.”
Related: Average annual energy bills will fall by £122 from the summer