Electricity Cost Formula:
From: | To: |
The electricity cost calculation estimates how much it costs to run an electrical device based on its power consumption, usage time, and your local electricity rate. It helps in budgeting and energy efficiency planning.
The calculator uses the electricity cost formula:
Where:
Explanation: The formula first converts watt-hours to kilowatt-hours (dividing by 1000), then multiplies by the cost per kilowatt-hour to get the total cost.
Details: Calculating electricity costs helps in understanding energy expenses, comparing appliance efficiency, and making informed decisions about energy usage to save money and reduce environmental impact.
Tips: Enter the device's power consumption in watts, usage time in hours, and your local electricity rate. Typical US rates are $0.10-$0.20 per kWh (default is $0.12).
Q1: Where can I find my electricity rate?
A: Check your electricity bill or contact your utility provider. Rates vary by location and time of use.
Q2: How do I find a device's power consumption?
A: Look for a label on the device, check the manual, or use a watt meter. Some devices list amps and volts instead (P = amps × volts).
Q3: What's the difference between watts and kilowatt-hours?
A: Watts measure instantaneous power, while kilowatt-hours measure energy consumption over time (power × time).
Q4: Can I calculate monthly costs with this?
A: Yes, either enter total monthly usage hours or calculate daily cost and multiply by days in month.
Q5: Why is my actual bill different?
A: This calculates only consumption costs. Bills may include fixed fees, taxes, tiered pricing, or time-of-use rates not accounted for here.