Today, OVO and heat pump manufacturer Mitsubishi Electric have announced a new partnership that provides even more households access to its market leading Heat Pump Plus add-on.
The Heat Pump Plus add-on offers OVO customers with a Mitsubishi Electric Ecodan air source heat pump the opportunity to heat their homes for 15p per kWh, compared to the average standard variable rate tariff (SVT) cost of 21.29p per kWh. This means that OVO customers could shave over a third (35%) off their home heating bills compared to the market average.
All Mitsubishi Electric Ecodan heat pump users with an active MELCloud account are eligible for this offering if they switch their energy account to OVO. The add-on is free to sign up to and unlocks the specialist rate to run the Ecodan heat pump.
Together, OVO and Mitsubishi Electric are working to make heat pumps more accessible and enable more people to make the switch from a gas boiler. This partnership extends access to Heat Pump Plus add-on to more customers than ever before, underlining OVO’s mission to help make greener energy easier for households to access as part of its journey to Net Zero.
Grainne Regan, OVO’s Head of Heat said: “We are committed to making Heat Pumps more accessible and supporting customers in their switch. Installing a heat pump can reduce gas use to zero when paired with the right installation, helping customers to cut costs and carbon. Together with Mitsubishi Electric we are working to reward customers for making greener choices and encouraging others to do the same.”
Russell Dean, Mitsubishi Electric Residential Product Group Director said: “Mitsubishi Electric is dedicated to making sustainable heating solutions more accessible and affordable for households. Through our partnership with OVO, we are enabling our Ecodan heat pump users to enjoy significant savings on their heating bills, while also contributing to a greener future. By working together, we can help households transition away from gas boilers and towards more energy-efficient, low-carbon alternatives, while also reducing their energy bills."
ENDS
Notes to Editors:
Watch the video below where Mitsubishi Electric's Residential Product Group Director Russell Dean and OVO's Senior Commercial Manager - Low Carbon Heat Chris Watling discuss how homeowners can save carbon and save on their energy bills.
* Actual sum is £229.20. When you add Heat Pump Plus to your plan. The £229.20 saving is based on an air source heat pump with a UK average Seasonal Coefficient of Performance (or efficiency rating) of 2.8 and an annual consumption of 3,644 kWh with the Heat Pump Plus add-on compared to OVO's average SVT rate of 21.29p per kWh. Actual savings will vary depending on your heat pump usage, efficiency rating and the cost per kWh of your standard home energy tariff.
*The offer is a trial available to 100 customers that have a Mitsubishi Electric heat pump and switch to OVO.
For more information please contact:
mitsubishielectric@brands2life.com
About OVO
In 2009, OVO was born to make energy better for people and the planet. Today, OVO is trusted by around four million customers with their home energy, EV charging, green tech upgrades, and more.
OVO is getting the UK ready for a greener, fairer future – planting one million trees a year and supporting new renewable power projects in communities across the country. Not only is OVO bringing low carbon tech into homes, it’s finding smart ways to cut costs for customers – making heat pumps, solar panels, and electric cars more accessible. Behind all this work is Plan Zero: the bold, science-backed sustainability strategy, which sets out how OVO will become a true net zero business by 2035.
This progress can only happen with a culture fit for the future. OVO’s multiple awards include the Best Place to Work for Women in The Sunday Times’ Best Places to Work 2023, which also saw the company coming in the Top 10 for Very Big Organisation.
OVO also won Company of the Decade at the BusinessGreen Leaders’ Awards 2020.
About Mitsubishi Electric
At Mitsubishi Electric, we have over 100 years of experience in providing reliable, high-quality products. We are a recognised world leader in the manufacture, marketing and sales of residential heating and have a range of renewable heating products available.
Our Ecodan range of air source heat pumps deliver efficient, renewable heating to homes. A perfect option for homeowners looking to upgrade to a more energy efficient home heating system; or a housing developer looking for quality heat pumps and accompanying products for their housing development project.
OVO key facts
- UK Customers: four million
- People: 5,000 colleagues with sites in London, Bristol and Glasgow.
- Customer service
- Over 100,000 5* reviews on Trustpilot.
- £90m support offered to customers in need since 2022.
- Rewarding customers
- Charge Anytime over: £11 million saved to date by customers.
- Solar and heat pumps: Over 1,000 heat pumps installed and over 517 solar systems installed in UK homes.
- Supporting low income homes: Over 10,000 homes made more efficient through OVO Energy Solutions retrofit schemes, with £2.70m in annual bill savings across them all, and £70.30m in lifetime bill savings.
- World leading trials: 320+ OVO customer trialists on the world’s first and largest domestic vehicle-to-grid trial, run by us.
