What is an EAB?
EAB stands for "Estimated Annual Bill". It is a simple indicator that customers can use to compare and contrast tariffs from the same Supplier or between different Supplier tariffs. In a nutshell, it allows customers to compare “apples with apples”.
Is the Estimated Annual Bill calculated at a Customer Level or a tariff level?
The EAB is calculated at a tariff level. In PrepayPower we have 5 different tariffs and subsequently each has its own EAB. The EAB is not a calculation of your specific usage or usage history.
Is the Estimated Annual Bill exactly what I will pay for a year in energy costs?
No, as the name suggests, it is an estimated value based on the CRU’s typical annual consumption figures for gas and electricity. You may pay more or less than this typical rate depending on your energy use.
How does PrepayPower Calculate the Estimated Annual Bill?
(a) For electricity we calculate as follows:
The estimated annual bill for Nightsaver tariffs is calculated assuming 62% of electricity is consumed during the day and 38% is consumed at night.
(Unit Rate x CRU typical annual electricity consumption value) + (Standing Charge + Service Charge + PSO) x 365
Exc VAT | Exc VAT | Exc VAT | Exc VAT | - | Inc VAT | Inc VAT | Ex VAT | Inc VAT | Exc VAT | Inc VAT | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Tariff | 24 H Unit Rate | Day Unit Rate | Night Unit Rate | Peak Unit Rate | CRU Avg Elec Consumption | Standing Charge | Service Charge | PSO* | PSO* | EAB | EAB |
| 24 Hr Urban Standard | 30.84c | 4,200 kwh | 93.89c | 45.04c | 10.62c | 11.57c | €1,798.84 | €1,960.96 | |||
| 24 Hr Rural Standard | 30.84c | 4,200 kwh | €1.2269 | 45.04c | 10.62c | 11.57c | €1,895.31 | €2,066.11 | |||
| Urban Nightsaver Standard | 34.15c | 16.86c | 4,200 kwh | €1.2501 | 45.04c | 10.62c | 11.57c | €1,766.61 | €1,925.60 | ||
| Rural Nightsaver Standard | 34.15c | 16.86c | 4,200 kwh | €1.4794 | 45.04c | 10.62c | 11.57c | €1,843.40 | €2,009.30 | ||
| Urban Time of Use Day/Night/Peak | 34.12c | 17.69c | 38.34c | 4,200 kwh | 93.89c | 45.04c | 10.62c | 11.57c | €1,683.77 | €1,835.31 | |
| Rural Time of Use Day/Night/Peak | 34.12c | 17.69c | 38.34c | 4,200 kwh | €1.2269 | 45.04c | 10.62c | 11.57c | €1,818.28 | €1,981.93 |
Where price includes VAT, above, this is calculated at 9%. *The current daily standing charge reflects the Public Service Obligation (PSO) Levy refund of €0.00. The daily rate is calculated for 365 days.
(b) For gas we calculate as follows:
((Unit Rate + Carbon Tax) x (CRU typical annual electricity consumption value)) + (Standing Charge + Service Charge) x 365
| Tariff | Unit Rate* | Carbon Tax* | CRU Typical Annual Gas Consumption Value | Standing Charge* | Service Charge* | EAB (ex. VAT*) | EAB (incl. VAT) |
|---|---|---|---|---|---|---|---|
| PrepayGas | 11.34c | 1.1c | 11,000 kwh | 43.00c | 19.42c | €1,463.02 | €1,595.13 |
* Price includes VAT at 9%
The daily rate is calculated for 365 days.
What is the CRU published Typical Annual Electricity Consumption Values for gas and electricity?
| Year | Gas | Elec | ||
|---|---|---|---|---|
| 2017/2018 | 11,000 kWh | 4,200 kWh | ||
All Participants (suppliers) in the Electricity and gas industry will use these industry indicative values to calculate their EAB.
