Electricity Cost Equation:
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The Cost per kWh calculation determines the price you pay for electricity per kilowatt-hour in your county. This simple but important metric helps consumers understand and compare electricity rates.
The calculator uses the basic equation:
Where:
Explanation: The calculation simply returns the local rate you input, but provides it in a standardized format for easy comparison and understanding.
Details: Knowing your exact cost per kWh helps with budgeting, comparing utility providers, understanding the cost of running appliances, and making informed decisions about energy efficiency improvements.
Tips: Enter your local electricity rate in dollars per kWh (typically found on your utility bill). The value must be greater than 0.
Q1: Where can I find my local rate?
A: Check your electricity bill or contact your local utility provider. Rates are usually listed in the charges section of your bill.
Q2: Why do rates vary by county?
A: Rates differ based on local infrastructure costs, energy sources, regulations, and market conditions in each area.
Q3: Does this include all charges?
A: This calculates the base rate. Your total bill may include additional fees, taxes, or demand charges not reflected in the base rate.
Q4: How often do rates change?
A: This varies by provider. Some change rates seasonally, others adjust annually or when fuel costs change significantly.
Q5: Can I use this for solar calculations?
A: Yes, knowing your cost per kWh helps calculate savings from solar panels by comparing to your solar generation costs.