Compare the UK energy market and learn how to cut your gas & electricity costs

Including UK Project One (up to 1.2 GW), the UK Zone has a combined potential for development of at least 4GW of capacity, capable of meeting the energy demands of over three million households. By doing so this will make a significant contribution to security of supply, helping combat climate change and will also create jobs and stimulate economic activity

When it comes to switching an energy supplier, we tend to guide our choices by averages and estimations. However, what many energy suppliers forget to inform the consumer about is the fact that those are only some estimations that apply for a small rate of the UK population overall. Average prices are not representative of the largest majority of the UK inhabitants, and energy supplies profit from this to make their offer more appealing than their competitor’s deals and prices. These estimations are usually made for the last two years, and they are named a Typical Domestic Consumption Value’ (TDCV). This oftentimes translates into higher prices than the consumers expect initially. However, some energy comparison tools are specifically designed to inform the consumer on all prices that can be found on the market. Below is more information on how one can compare energy consumption in the UK.

Typical Domestic Consumption Value in 2017

By using the TDCV indicator, researchers succeeded to split the UK energy consumer as it follows:
Gas – The UK consumer that registers on average 8,000 kWh is considered to stay on the Low side of the spectrum. The consumer that finds himself on the 12,500 kWh is considered to be medium, while, a consumption of 18,000 kWh is on the high side of the spectrum.
Electricity – in the case of electricity, a consumer with 2,000 kWh is situated on the low side of the spectrum, 3,100 kWh is considered to be a medium energy consumption level for the UK consumer, while, on the high energy consumption spectrum we will find a consumption of 4,600 kWh.

What is the Tariff Comparison Rate?

By using the actual energy consumption rates of your own, you can use the tariff comparison rate or the TCR to calculate more accurately how much you will end up spending on your energy bill. You can easily find a reliable method to c compare energy prices by using a TCR with any period or interval that you desire. Each tariff should be expressed in the price per kWh. You can easily calculate your yearly energy bill by using s formula similar to the: 13463 kWh (annual gas usage) x 4.7 p/kWh (TCR) = £63,276 (estimated yearly cost).

Where does UK stand in terms of energy consumption?

Comparing energy consumption rates for different parts of the globe is not an easy task. However, the European Union succeeded to gather some figures and make some estimation. This is how we find out that there are plenty of other countries in EU that have higher energy consumption levels than UK does, UK being somewhere on the average.

Press Releases

Energy Comparison Company News Issue 17, September 2017

Energy Comparison Company News Issue 17, September 2017
 

Offshore Wind Presentation at Franklin College

Offshore Wind Presentation at Franklin College
 

UK Project Two offshore wind farm accepted for examination by the Planning Inspectorate

UK Project Two offshore wind farm accepted for examination by the Planning Inspectorate
 

Labour Market Sector (LMI) event at HETA

Labour Market Sector (LMI) event at HETA
 

Energy Comparison Company submits Project Two of the UK Zone to the Planning Inspectorate

Energy Comparison Company submits Project Two of the UK Zone to the Planning Inspectorate

About The Zone

Find out more about the 4GW UK zone.

Further information.

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