Cost per kWh Formula:
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Definition: This calculator determines the cost per kilowatt-hour (kWh) of electricity based on total cost and energy consumption.
Purpose: It helps consumers and businesses understand their electricity costs and compare different energy providers or plans.
The calculator uses the formula:
Where:
Explanation: The total cost is divided by the total energy consumption to determine the cost per unit of energy.
Details: Understanding cost per kWh helps in budgeting, comparing electricity plans, and identifying potential savings opportunities.
Tips: Enter the total cost of your electricity bill and the total energy consumed during that period (in kWh). Both values must be > 0.
Q1: Where can I find these values on my bill?
A: The total cost is usually labeled as "Amount Due" and energy consumption as "kWh Used" on electricity bills.
Q2: Why is my cost per kWh different from the advertised rate?
A: Your actual cost includes taxes, fees, and other charges that may not be included in the base rate.
Q3: How can I use this to compare providers?
A: Calculate cost per kWh for each provider's plan using your actual or estimated usage to make accurate comparisons.
Q4: What's a typical cost per kWh?
A: Residential rates typically range from $0.10 to $0.30 per kWh, varying by location and provider.
Q5: Does this work for both residential and commercial?
A: Yes, the calculation is the same regardless of customer type, though commercial rates often differ.