kWh 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 calculate their electricity expenses based on consumption.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the unit rate to calculate the total electricity cost.
Details: Understanding electricity costs helps with budgeting, comparing tariffs, and identifying energy-saving opportunities.
Tips: Enter your energy usage in kWh and the current cost per kWh (default £0.34, the UK average). All values must be > 0.
Q1: Where can I find my kWh usage?
A: Check your electricity bill or smart meter display for your consumption in kWh.
Q2: What's the current average kWh price 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 electricity costs?
A: Reduce consumption through energy-efficient appliances, insulation, and mindful usage.
Q5: Does this account for VAT?
A: No, the result is before VAT. Multiply by 1.05 to include 5% VAT.