Your energy personal projection explained

The "estimated annual cost" is your personal projection. It's an estimation of how much you will spend on your energy over the next 12 months if you were to decide not to switch and instead roll onto a standard variable tariff (SVT) when your deal ends. It's based on:

• estimated annual energy consumption using current deal rates
• the price cap rates for the period after your fixed deal ends.

(Exact price cap rates can only be included for a maximum of one price cap update - because the price cap is updated four times a year, we can't make a concrete estimate of what the rates might be until they've been confirmed by Ofgem and individual suppliers.)

Here, there are 260 days left on the customer's fixed deal, so the annual cost is comprised of those 260 days and then 105 days on their supplier's standard variable tariff using estimated price cap rates.

Your estimated usage

If you don't provide exact usage figures, we will estimate how much you use based on the size of your property. These figures should roughly match the estimated projected annual consumption your supplier shows you in your energy statements. If they look incorrect, then you can manually edit them.

How are savings calculated?

Savings are then calculated by looking at the difference between the estimated annual cost of your current plan (based on the latest price cap rates if you’re on a standard variable tariff) and the plan you could switch to, using your estimated annual usage.

If you're ready to run an energy comparison, click below to get started.