It’s a statement from us (or another supplier) telling you how much gas and/or electricity you've used that year, and how much it cost you.
Ofgem, the regulating body behind energy, introduced annual statements on 1st July 2010 to give customers more power over their bills.
Unlike your monthly or quarterly statements, an annual statement gives you an overview of your total energy use and how much you’ve spent over the course of a year, regardless of seasonal fluctuations.
You get one for electricity and a separate one for gas.
An annual statement is helpful
Annual statements make it easier for you to compare tariffs, so you can get the best deal on your gas and electricity. It’s good to think of it as a yearly reminder to check that you’re not paying too much for your energy.
Your annual statement will give you all the details you need if you ever want to compare the tariff you're on with another (from Economy Energy or any other supplier). And it also tells you whether you could be on a cheaper Economy Energy tariff.
Important info on an annual statement
Ofgem says that an annual energy statement must include: