Cost per Hour Formula:
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Definition: This calculator determines the hourly cost of consuming 1 kilowatt-hour (kWh) of electricity based on your local electricity rate.
Purpose: It helps homeowners and businesses understand their basic electricity costs and serves as a foundation for more complex energy cost calculations.
The calculator uses the formula:
Where:
Explanation: The calculation simply multiplies 1 kWh by your electricity rate to find the hourly cost.
Details: Understanding your basic kWh cost helps with budgeting, comparing electricity providers, and estimating appliance running costs.
Tips: Enter your electricity rate per kWh (found on your utility bill). The value must be > 0.
Q1: Is this the actual cost I pay for electricity?
A: This is the base rate. Your actual bill may include additional fees, taxes, or time-of-use rates.
Q2: How do I find my electricity rate?
A: Check your utility bill - it's typically listed as "energy charge" or "electricity rate" per kWh.
Q3: Why calculate for just 1 kWh?
A: This provides a baseline that you can multiply by your actual usage to estimate total costs.
Q4: Does this include fixed monthly charges?
A: No, this only calculates the variable cost based on your usage.
Q5: How can I use this for appliance calculations?
A: Multiply this result by an appliance's kW rating to estimate its hourly running cost.