Energy giant EON has issued an pressing message to OVO clients as it begins a takeover of its fuel and electrical energy rival.
E.ON has at the moment (Monday, May 11) announced it plans to buy out vitality provider OVO in a main transfer in the sector.
The firm said the acquisition will ‘strengthen E.ON UK’s ability to deliver value for customers and grow its core retail business’.
OVO clients on fixed tariffs will be questioning how the buyout will have an effect on their offers and whether they will still be honoured when EON takes over.
As half of its bulletins, the firm issued an pressing message to OVO clients presently on fixed offers.
It confirmed that ‘there will be no change’ during the regulatory review period and ‘existing tariffs will be honoured in full and service will continue unchanged’ for both EON and OVO clients.
It said in a assertion: “The transaction represents a significant investment by E.ON Group into the UK market and is about accelerating consumer energy flexibility – putting control in customers’ hands, bringing bills down, and reshaping the energy system around people.
“E.ON Next is already one of the UK’s highest-rated energy suppliers on Trustpilot, with a score rating of ‘Excellent’, reflecting consistently strong customer feedback and industry-leading satisfaction levels. E.ON UK is built on financial sustainability, delivering for customers and making new energy work for everyone – affordable, sustainable and flexible.
“The acquisition strengthens E.ON UK’s ability to deliver value for customers and grow its core retail business.
“For too long, the energy system has been shaped upstream, around large-scale generation. Consumer flexibility, digitisation, solar, batteries, EVs – and a retailer built to orchestrate them – change that. This is rooted in a simple principle: better outcomes for customers.
“For customers of both E.ON Next and OVO, there will be no change during the regulatory review period, and existing tariffs will be honoured in full, and service will continue unchanged.”
Chris Norbury, CEO of E.ON UK, said: “For decades the UK energy system focused too much on those upstream. Now is our opportunity to change that. Solar, batteries, EVs and a retailer built to orchestrate. That is what this deal is about: customers in control and new energy that works for everyone.”
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