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	Exc 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*	EAB	EAB
24 Hr Urban Standard	30.84c				4,200 kwh	93.89c	45.04c	00.00c	€1,760.08	€1,918.71
24 Hr Rural Standard	30.84c				4,200 kwh	€1.2269	45.04c	00.00c	€1,856.55	€2,023.86
Urban Nightsaver Standard		34.15c	16.86c		4,200 kwh	€1.2501	45.04c	00.00c	€1,727.85	€1,883.35
Rural Nightsaver Standard		34.15c	16.86c		4,200 kwh	€1.4794	45.04c	00.00c	€1,804.64	€1,967.06
Urban Time of Use Day/Night/Peak		34.12c	17.69c	38.34c	4,200 kwh	93.89c	45.04c	00.00c	€1,645.01	€1,793.06
Rural Time of Use Day/Night/Peak		34.12c	17.69c	38.34c	4,200 kwh	€1.2269	45.04c	00.00c	€1,779.52	€1,939.68

Where price includes VAT, above, this is calucated 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	11.33c	0.96c	11,000 kwh	43.00c	19.42c	€1,447.62	€1,578.63

* 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.