Electricity Cost Formula:
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Definition: This calculator estimates the hourly electricity cost based on power consumption and electricity rate.
Purpose: It helps homeowners, businesses, and energy managers understand and predict electricity expenses for appliances or systems.
The calculator uses the formula:
Where:
Explanation: The power consumption in kW is multiplied by the electricity rate to get the cost per hour of operation.
Details: Understanding electricity costs helps in budgeting, comparing appliance efficiency, and making informed energy decisions.
Tips: Enter the appliance's power consumption in kW and your electricity rate per kWh. All values must be > 0.
Q1: How do I find an appliance's power consumption?
A: Check the nameplate or specification sheet, or use a wattmeter to measure actual consumption.
Q2: Where can I find my electricity rate?
A: Check your utility bill or contact your electricity provider.
Q3: Can I use this for monthly cost estimation?
A: Yes, multiply the hourly cost by the number of hours used per month.
Q4: Does this include all electricity charges?
A: This calculates only energy charges. Some utilities add fixed fees or demand charges not included here.
Q5: What's the difference between kW and kWh?
A: kW is power (rate of energy use), kWh is energy (power × time).