Price per kWh Formula:
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Definition: This calculator determines the cost per kilowatt-hour (kWh) of electricity based on the total price paid and the amount of energy consumed.
Purpose: It helps consumers and businesses understand their electricity costs and compare different energy plans or providers.
The calculator uses the formula:
Where:
Explanation: The total price is divided by the energy consumption to determine the cost per unit of electricity.
Details: Understanding your price per kWh helps with budgeting, comparing utility providers, and identifying potential savings opportunities.
Tips: Enter the total amount paid for electricity (in dollars) and the total energy consumed (in kWh). Both values must be greater than 0.
Q1: Where can I find my total energy consumption?
A: Check your electricity bill - it should show your total kWh usage for the billing period.
Q2: What's a typical price per kWh?
A: Residential rates in the US average about $0.13-$0.15/kWh, but this varies by location and provider.
Q3: Should I include taxes and fees in the total price?
A: Yes, include all charges on your bill for the most accurate price per kWh calculation.
Q4: Why is my calculated price per kWh different from my utility's advertised rate?
A: The advertised rate often doesn't include additional fees, taxes, or tiered pricing structures.
Q5: How can I use this to compare electricity plans?
A: Calculate the price per kWh for each plan using estimated usage to see which offers the best value.