Electricity Cost Formula:
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The Watts to Cost calculation helps you determine how much it costs to run an electrical device based on its power consumption, usage time, and your local electricity rate. This is useful for budgeting and comparing appliance running costs.
The calculator uses the following formula:
Where:
Explanation: The formula first converts watt-hours to kilowatt-hours (kWh) by dividing by 1000, then multiplies by your electricity rate to get the total cost.
Details: Electricity costs vary by location and provider. The average cost in the US is about $0.14 per kWh, while in the UK it's about £0.28 per kWh (as of 2023). Check your utility bill for your exact rate.
Tips:
Q1: How do I find my device's wattage?
A: Check the device's label, manual, or specifications online. Some devices list amps and volts instead - multiply them to get watts (W = A × V).
Q2: What if my device has variable power?
A: Use an average value. For example, a refrigerator cycles on/off - use its "average running wattage" rather than peak.
Q3: How accurate is this calculation?
A: It's a good estimate for constant loads. For devices with variable consumption, consider using a power meter for more accuracy.
Q4: Should I include taxes and fees?
A: For precise calculations, use your total rate including all charges from your electricity bill.
Q5: Can I calculate monthly/yearly costs?
A: Yes - enter your daily usage hours multiplied by 30 for monthly, or 365 for yearly estimates.