Power Cost Formula:
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Definition: This calculator estimates the electricity cost based on device power consumption, usage time, and electricity rate.
Purpose: It helps consumers and businesses estimate energy expenses for electrical devices and appliances.
The calculator uses the formula:
Where:
Explanation: The formula converts watts to kilowatts (dividing by 1000) then multiplies by hours and rate to get total cost.
Details: Understanding power costs helps in budgeting, energy conservation, and comparing appliance efficiency.
Tips: Enter the device's power in watts, usage time in hours, and electricity rate (default $0.12/kWh). All values must be > 0.
Q1: Where can I find my device's power consumption?
A: Check the device label, manual, or use a wattmeter. Many appliances list power in watts.
Q2: What's a typical electricity rate?
A: In the US, rates average $0.12-$0.20/kWh, but check your utility bill for exact rates.
Q3: How accurate is this calculator?
A: It provides estimates. Actual costs may vary with power fluctuations, standby consumption, and rate tiers.
Q4: Can I calculate monthly costs?
A: Yes, multiply daily usage hours by 30 or input total monthly hours directly.
Q5: Why divide by 1000?
A: Electricity is billed per kilowatt-hour (kWh), and 1 kW = 1000 watts.