Cost per kWh Formula:
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Definition: This calculator estimates the cost per kilowatt-hour (kWh) of electricity generated by a natural gas generator.
Purpose: It helps consumers and businesses evaluate the operating costs of natural gas generators and compare them to other power sources.
The calculator uses the formula:
Where:
Explanation: The formula calculates how much it costs to generate one kilowatt-hour of electricity based on fuel consumption and fuel price.
Details: Understanding your cost per kWh helps in budgeting, comparing energy sources, and making informed decisions about power generation.
Tips: Enter the fuel consumption rate (default 0.015 m³/kWh), current natural gas cost, and energy output (default 1 kWh). All values must be > 0.
Q1: What's a typical fuel consumption rate for natural gas generators?
A: Most natural gas generators consume between 0.01–0.02 m³ of gas per kWh produced.
Q2: How do I find my natural gas cost per cubic meter?
A: Check your gas bill or contact your supplier. Prices typically range from $0.10 to $0.50 per m³ depending on location.
Q3: Why is energy output set to 1 kWh by default?
A: This gives you the cost per single kWh, which is the standard unit for comparing energy costs.
Q4: Does this include maintenance and other operational costs?
A: No, this only calculates fuel costs. For total cost of ownership, consider adding maintenance, depreciation, and other expenses.
Q5: How does this compare to grid electricity costs?
A: Compare your calculated cost to your local utility rates to determine if self-generation is cost-effective.