What’s an EAB (Estimated Annual Bill)?
EAB - Estimated Annual Bill
The CRU (Commission for Regulation of Utilities) have asked all suppliers to provide an estimated annual bill as an indicator to understand the best tariff options available to customers on all their marketing and advertising materials. This information is provided to assist customers in making the most suitable choice for their energy needs.
The CRU have determined that the typical customer will consume 11,000kwhs of natural gas and 4,200kwhs of electricity per year, thus this is the figure Flogas will base the EAB on, however you should note that your actual energy usage may vary from same.
In line with guidance from the CRU the EAB does not include any value from, cashbacks, loyalty points, vouchers, gifts or any other such add ons.
The EAB is calculated by taking the average consumption figures and adding this into a calculation with the gas/electricity unit rates, standing charges, carbon tax (gas), PSO Levy (electricity) and VAT. Please see example here:
Standard Rate Electricity and Gas EAB Calculation*
(19.92cent x 4,200kwh)
(5.645cent x 11,000kwh)
|Annual Standing Charge||€154.94||€98.99|
|PSO Levy (electricity only)||€78.24|
|Carbon Tax (gas only)||€51.81|
(0.471cent x 11,000kWh)
*Please note that this is indicative of one offer only and final EAB calculations will change in line with the tariff option you choose to review against.
Electricity calculation is based of an urban 24hr electricity meter