OVO Energy vs Red Energy
OVO Energy is cheaper - by about $192/year
OVO Energy’s cheapest residential electricity plan, The One Plan - NOV2026, costs an estimated $1,012/year at 4,000 kWh, 32% below the VDO. Red Energy’s cheapest plan, Red BCNA, costs $1,203/year, 21% below the VDO. That is a difference of $192/year - switching from Red Energy to OVO Energycould save you about that much, though your actual cost depends on your usage, tariff type and eligibility for any plan’s conditional discounts.
OVO Energy - cheapest plans
Red Energy - cheapest plans
Head-to-head: cheapest plan from each retailer
| Spec | OVO Energy | Red Energy |
|---|---|---|
| Plan | The One Plan - NOV2026 | Red BCNA |
| Supply charge | 85.89c/day | 94.80c/day |
| Usage rate | 27.16c/kWh (peak) | 21.43c/kWh |
| Exit fee | $0.00 | $0.00 |
| Contract term | No lock-in | No lock-in |
| Green energy | - | - |
| Solar feed-in tariff | 1.4c/kWh | 1.0c/kWh |
How do I switch from OVO Energy to Red Energy?
Choose a plan above and click Switch. Bill Hero lodges the transfer with your new retailer - there is no interruption to your electricity supply, and most switches complete within 2 business days. OVO Energy’s cheapest plan has no lock-in contract and an exit fee of $0.00; Red Energy’s has no lock-in contract and an exit fee of $0.00. Check your current plan’s exit fee before switching, if any applies.