Annual Statement

Annual Energy Statement: How to Reduce Your Energy Bills

Most people overlook this annual statement, but it can reveal simple ways to save on your energy bills.

How to Read Your Annual Energy Statement and Save on Energy Bills

Your energy supplier sends you an annual energy statement showing how much electricity and gas you used and what you paid. Most households overlook it, but it can reveal where you could reduce your energy bills.

The key numbers to find

  • Annual electricity usage (kWh): Compare this with the current Ofgem typical figure for electricity use. If your consumption is significantly higher for a similar-sized home, investigate why.
  • Annual gas usage (kWh): Compare your annual gas consumption with the current Ofgem typical figure. Higher-than-expected usage could highlight opportunities to save energy.
  • Unit rate paid: Check the electricity and gas rates you paid against current energy tariffs and the latest price cap. If your rate is higher, you may be able to reduce your energy costs by switching.

What to do with these numbers

  1. Enter your annual kWh figures into our Tariff Finder to compare energy tariffs based on your actual usage.
  2. Enter them into our Direct Debit Checker to check whether your monthly energy payment is appropriate for your household.
  3. If your energy usage is higher than expected, use our Appliance Cost Calculator to identify which appliances could be increasing your electricity bill.