Electricity Cost Formula:
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Definition: This calculator estimates electricity costs in pounds sterling based on appliance wattage, usage hours, and electricity rate.
Purpose: It helps UK residents and businesses understand the cost of running electrical appliances.
The calculator uses the formula:
Where:
Explanation: Watts are converted to kilowatts (divided by 1000), multiplied by hours to get kWh, then multiplied by the rate.
Details: Understanding electricity costs helps with budgeting, comparing appliance efficiency, and reducing energy bills.
Tips: Enter the appliance wattage (find on label), hours of use, and electricity rate (default £0.34/kWh). All values must be > 0.
Q1: Where can I find my electricity rate?
A: Check your energy bill or supplier's website. The default £0.34/kWh is the UK average in 2023.
Q2: How do I find an appliance's wattage?
A: Check the label, manual, or manufacturer's website. A watt meter can measure actual usage.
Q3: Does this include standing charges?
A: No, this calculates usage costs only. Standing charges are fixed daily costs on your bill.
Q4: Can I calculate monthly/annual costs?
A: Yes, multiply daily cost by 30 for monthly or 365 for annual estimates.
Q5: Why convert watts to kilowatts?
A: UK electricity bills charge per kilowatt-hour (kWh), not watt-hour (Wh).