*Important to know
For full details about Heat Pump Plus, read through OVO's terms and conditions.
- Compatible with Mitsubishi Ecodan heat pumps from 2015 onwards connected to a Mitsubishi MELCloud account. This lets us make sure the heat pump is connected to the internet, so data can be sent back to Mitsubishi and OVO.
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For customers who already have a heat pump: Actual sum is £256.99. When you add Heat Pump Plus to your plan, your home energy rate will stay the same, but the energy consumed by your heat pump will be charged at an effective rate of 15p per kWh (thanks to payment of your Heat Pump Plus credit). The £256 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 2609 kWh with the Heat Pump Plus add-on compared to OVO's average SVT rate of 24.85 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.
- For customers that don't have a heat pump: Actual sum is £399.71. Savings of £399 are based on the following comparison: a G-rated gas boiler running at 70% efficiency with an average annual consumption of 10,436 kWh at 6.33p per kWh used for heating and hot water, versus an air source heat pump with a Seasonal Coefficient of Performance (or efficiency rating) of 4.2 and an annual consumption of 1826 kWh at 15p/kWh with the Heat Pump Plus add-on
- Heat Pump Plus is a new product, and OVO are currently trialling compatibility with new manufacturers. Availability is currently limited to the first 150 customers with eligible Mitsubishi heat pumps who sign up. This is so OVO can review this add-on, and make improvements. Please see terms and conditions for more information.
