Energy Cost Formula:
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Definition: This calculator estimates the combined cost of electricity and gas usage based on consumption and utility rates.
Purpose: It helps homeowners and businesses calculate their total energy expenses for budgeting and cost analysis.
The calculator uses the formula:
Where:
Explanation: The calculator multiplies each energy type's consumption by its respective rate and sums the results for the total cost.
Details: Accurate energy cost estimation helps with budgeting, identifying cost-saving opportunities, and comparing utility providers.
Tips: Enter your electricity usage (kWh) and rate ($/kWh), plus gas usage (therms) and rate ($/therm). Default values reflect typical US averages.
Q1: Where can I find my energy usage and rates?
A: Check your utility bills - electricity is measured in kWh, gas in therms (or m³ in some countries).
Q2: What's a typical electricity rate?
A: In the US, average is $0.12-$0.20/kWh. Commercial rates are often lower than residential.
Q3: What's a typical gas rate?
A: Natural gas averages $1.00-$1.50/therm in the US. Rates vary by region and season.
Q4: Can I use different units for gas?
A: Yes, but ensure you use matching units for both consumption and rate (e.g., m³ and $/m³).
Q5: Does this include taxes and fees?
A: No, this calculates base costs only. Add 5-15% for typical utility taxes and fees.