Electricity Cost Formula:
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The Wattage Cost Calculator estimates electricity costs in UK pounds based on appliance power consumption, duration of use, and current electricity rates. It helps consumers understand and manage their energy expenses.
The calculator uses the following formula:
Where:
Explanation: The formula converts watt-hours to kilowatt-hours (by dividing by 1000) then multiplies by the cost per kWh to get the total cost.
Details: Electricity in the UK is typically billed by the kilowatt-hour (kWh). As of 2023, the average UK electricity price is around 34p per kWh, but this can vary by supplier and tariff.
Tips:
Q1: How accurate is this calculator?
A: It provides a good estimate for constant loads. For devices with variable power (like refrigerators), it may underestimate actual usage.
Q2: How can I find my appliance's wattage?
A: Check the manufacturer's label, manual, or specifications online. Alternatively, use an energy monitor for precise measurement.
Q3: Why divide by 1000 in the formula?
A: This converts watts to kilowatts (1 kW = 1000 W), since electricity is billed per kilowatt-hour.
Q4: Does this include standing charges?
A: No, this calculates only the energy consumption cost. Most UK electricity bills also include a daily standing charge.
Q5: How can I reduce my electricity costs?
A: Use energy-efficient appliances, turn off devices when not in use, and consider switching to a cheaper energy tariff.