Energy Cost Formula:
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Definition: This calculator estimates the cost of electricity based on energy usage in kilowatt-hours (kWh) and the cost per kWh in UK pounds.
Purpose: It helps households and businesses estimate their electricity bills or compare energy costs for different appliances.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the unit cost to calculate the total electricity cost.
Details: Accurate cost estimation helps with budgeting, identifying energy-saving opportunities, and comparing energy tariffs.
Tips: Enter your energy usage in kWh and the cost per kWh (default £0.34, the UK average as of 2023). All values must be > 0.
Q1: Where can I find my energy usage in kWh?
A: Check your electricity bill or smart meter for exact kWh consumption figures.
Q2: What's the current average kWh cost in the UK?
A: As of 2023, the average is about £0.34 per kWh, but this varies by supplier and tariff.
Q3: Does this include standing charges?
A: No, this calculates only the usage cost. Add your daily standing charge separately.
Q4: How can I reduce my kWh costs?
A: Consider energy-efficient appliances, better insulation, and switching to cheaper tariffs.
Q5: Can I use this for solar panel calculations?
A: Yes, you can calculate potential savings by using your generated kWh instead of grid kWh.