Energy Cost Formula:
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Definition: This calculator estimates the electricity cost based on energy usage in kilowatt-hours (kWh) and the cost per kWh in the UK.
Purpose: It helps households and businesses estimate their electricity bills and compare energy costs.
The calculator uses the formula:
Where:
Explanation: The energy usage is multiplied by the cost per unit to calculate the total electricity cost.
Details: Accurate cost estimation helps with budgeting, comparing energy tariffs, and identifying potential savings.
Tips: Enter your energy usage in kWh and the cost per kWh (default £0.28 for 2025 UK average). All values must be > 0.
Q1: Where can I find my energy usage?
A: Check your electricity bill or smart meter for kWh consumption data.
Q2: What's the average UK electricity rate?
A: As of 2025, the average is about £0.28 per kWh, but this varies by supplier and tariff.
Q3: Does this include standing charges?
A: No, this calculates usage costs only. Add your daily standing charge separately.
Q4: How can I reduce my electricity costs?
A: Consider energy-efficient appliances, switching suppliers, or using energy during off-peak hours.
Q5: Is VAT included in this calculation?
A: No, VAT would need to be added separately to the calculated amount.