Electricity Cost Formula:
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Definition: This calculator converts gas energy to equivalent electricity cost based on electricity rates and system efficiency.
Purpose: It helps energy professionals and consumers compare gas energy usage to equivalent electricity costs.
The calculator uses the formula:
Where:
Explanation: The gas energy is multiplied by electricity rate and divided by system efficiency to account for conversion losses.
Details: This conversion helps in energy planning, cost comparisons between gas and electric systems, and efficiency analysis.
Tips: Enter gas energy in kWh, electricity rate (default $0.12/kWh), and system efficiency (default 0.85). All values must be > 0.
Q1: Why include efficiency in the calculation?
A: Efficiency accounts for energy losses when converting between gas and electricity systems.
Q2: What's a typical efficiency value?
A: Most systems range from 0.7 to 0.9, with 0.85 being common for modern systems.
Q3: How do I convert gas volume to kWh?
A: Multiply gas volume (in cubic meters) by calorific value (typically 10.5-11.5 kWh/m³).
Q4: Where can I find my electricity rate?
A: Check your utility bill or contact your electricity provider for current rates.
Q5: Can this be used for renewable energy comparisons?
A: Yes, but efficiency values may differ significantly for renewable systems.