1. What is an Electricity Cost Calculator?

Definition: This calculator estimates the cost of electricity based on energy usage in kilowatt-hours (kWh) and the price per kWh.

Purpose: It helps UK households and businesses understand and predict their electricity expenses.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• Cost — Total electricity cost in pounds (£)
• kWh — Energy consumption in kilowatt-hours
• Price — Electricity unit price in £ per kWh

Explanation: The energy consumption is multiplied by the unit price to calculate the total cost.

3. Importance of Electricity Cost Calculation

Details: Understanding electricity costs helps with budgeting, comparing tariffs, and identifying energy-saving opportunities.

4. Using the Calculator

Tips: Enter your energy usage in kWh and the current unit price (default £0.34/kWh, the UK average in 2023). All values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my kWh usage?
A: Check your electricity bill or smart meter - it's usually listed as "units used" or "consumption."

Q2: What's the current UK average electricity price?
A: As of 2023, it's about 34p per kWh but varies by supplier and tariff.

Q3: Does this include standing charges?
A: No, this calculates usage costs only. Add your daily standing charge separately.

Q4: Can I use this for appliances?
A: Yes, multiply appliance power (kW) by hours used to get kWh, then calculate.

Q5: How accurate is this calculator?
A: It provides basic estimates. Actual bills may include VAT, discounts, or tiered pricing.