Electricity 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.
Purpose: It helps UK residents and businesses estimate their electricity bills based on their energy consumption.
The calculator uses the formula:
Where:
Explanation: The energy usage is multiplied by the unit cost to calculate the total electricity cost.
Details: Understanding electricity costs 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). All values must be > 0.
Q1: What's the average cost per kWh in the UK?
A: As of 2023, the average is about £0.28 per kWh, but this varies by supplier and tariff.
Q2: How do I find my energy usage in kWh?
A: Check your electricity meter readings or look at your energy bills which show kWh consumption.
Q3: Does this include standing charges?
A: No, this calculates only the usage cost. Add your daily standing charge separately.
Q4: Can I use this for different time periods?
A: Yes, just ensure your energy usage matches the time period (e.g., monthly usage for monthly cost).
Q5: How accurate is this calculator?
A: It provides a basic estimate. Actual bills may vary with VAT, discounts, or tiered pricing.