Power Cost Formula:
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Definition: This calculator estimates the electricity cost based on device power consumption, usage time, and current electricity rates in the UK.
Purpose: It helps households and businesses understand and predict their electricity expenses for specific appliances or devices.
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 power costs helps with budgeting, identifying energy-hungry appliances, and making informed decisions about energy usage.
Tips: Enter the device's power rating in watts, usage time in hours, and current electricity rate (default £0.34/kWh). All values must be > 0.
Q1: Where can I find my device's power rating?
A: Check the device's label, manual, or specifications online. Some devices show maximum power; actual usage may be lower.
Q2: What's the current UK electricity rate?
A: As of 2023, the average is about £0.34/kWh, but check your energy provider for exact rates.
Q3: Can I calculate monthly costs with this?
A: Yes, multiply daily usage hours by 30 or input total monthly hours directly.
Q4: Does this include standing charges?
A: No, this calculates usage costs only. Add your daily standing charge separately for total bills.
Q5: How accurate is this calculator?
A: It provides estimates. Actual costs may vary based on power fluctuations, tariffs, and VAT.