The Estimated Annual Bill (EAB) is a simple indicator of the cost of electricity for an average household for one year and allows the consumer to compare prices between electricity suppliers.
The EAB includes VAT and all energy related charges such as the Standing Charge and Public Service Obligations (PSO) Levy. The EAB also takes into account the following information;
- Is your meter Urban or Rural?
- Is your meter 24 Hour or Day/Night?
- Do you have Night Storage Heating?
The EAB does not include non-energy related items such as credits for switching, loyalty points or non-cash offers.
The EAB is based on expected average electricity consumption for one year. The average consumption figure is approved and published by the Commission for the Regulation of Utilities (CRU). Currently, the value for estimate annual average consumption for electricity is 4,200 kWh.
CRU has asked all suppliers to provide an estimated annual bill and mandated that Suppliers use industry average annual consumption figures as published by them, when calculating the EAB.
Please note that your actual annual consumption may vary from these figures so your actual bill may be higher or lower than the EAB stated.