Electricity Cost Formula:
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Definition: This calculator estimates electricity costs based on energy usage in kWh and the current British Gas unit rate.
Purpose: It helps customers understand and predict their electricity expenses with British Gas.
The calculator uses the formula:
Where:
Explanation: The energy usage is multiplied by the unit rate to calculate the total cost.
Details: Understanding electricity costs helps with budgeting, comparing tariffs, and identifying energy-saving opportunities.
Tips: Enter your energy usage in kWh and the current unit rate (default is 25.73p per kWh). All values must be > 0.
Q1: Where can I find my energy usage?
A: Check your British Gas bill or online account for kWh consumption figures.
Q2: Is 25.73p/kWh the current British Gas rate?
A: Rates vary by tariff and time. Always verify your current rate on your bill or British Gas website.
Q3: Does this include standing charges?
A: No, this calculates usage costs only. Add your daily standing charge separately for total costs.
Q4: How can I reduce my electricity costs?
A: Consider energy-efficient appliances, reducing usage during peak times, and comparing tariffs.
Q5: Does this work for other energy providers?
A: Yes, just replace the rate with your provider's current unit price.