Energy Cost Formula:
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Definition: This calculator estimates the electricity costs in the UK based on appliance power, usage time, and electricity rate.
Purpose: It helps households and businesses understand and predict their electricity expenses for better budgeting and energy management.
The calculator uses the formula:
Where:
Explanation: The formula converts watts to kilowatts (dividing by 1000) and multiplies by time and rate to calculate total cost.
Details: Understanding energy costs helps identify energy-hungry appliances, optimize usage times, and potentially save money by shifting usage to off-peak periods.
Tips: Enter the appliance power in watts, usage time in hours, and electricity rate (default £0.34/kWh). All values must be > 0.
Q1: Where can I find my electricity rate?
A: Check your energy bill or supplier's website. The default of £0.34/kWh is an average UK rate as of 2023.
Q2: How do I find an appliance's power rating?
A: Check the label, manual, or manufacturer's website. Some appliances list power in kW (1 kW = 1000 W).
Q3: Does this include standing charges?
A: No, this calculates usage costs only. Your bill also includes daily standing charges.
Q4: Can I calculate monthly costs?
A: Yes, multiply daily usage by 30 or enter total monthly hours in the time field.
Q5: How accurate is this calculator?
A: It provides estimates. Actual costs may vary based on exact usage patterns and tariff structures.