The Estimated Annual Bill is a simple and easy to understand indicator for consumers. It is an estimate of the average household’s cost for electricity for a year and includes VAT and all energy-related charges such as the Standing Charge and PSO Levy for electricity and the Standing Charge. It does not include non-energy related items such as energy credits for switching, loyalty points or non-cash offers.
The Estimated Annual Bill is based on expected average consumption for one year. These figures are approved and published by the Commission for the Regulation of Utilities (CRU);
For electricity, the Estimated Annual Bill amount 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?
Estimated Annual Electricity Bill Example
An example of how the Estimated Annual Bill is calculated for an electricity Urban 24 Hour meter customer on our standard tariff with an average energy use of 4.200kWh per year is given below. Note that the example is for illustrative purposes only and may not reflect current prices.
EAB = Unit Rate X 4,200kWh + Energy Related Charges + 13.5% VAT.
Unit Rate per kWh excl VAT €0.17
CRU Average Annual Consumption 4,200kWh
Annual Electricity Charge €0.17 x 4,200kWh = €714.00
Annual Standing Charge excl VAT €200.75
Annual PSO Levy excl VAT €78.24 (Oct 2020)
Total excl VAT €956.51
VAT at 13.5% €129.13
Estimated Annual Bill €1085.64
Please contact our sales team to discuss your bill.