Cost Conversion Formula:
From: | To: |
Definition: This calculator converts the cost of gas energy to equivalent electricity cost based on system efficiency and price ratios.
Purpose: It helps energy consumers and professionals compare costs between gas and electric systems for better decision making.
The calculator uses the formula:
Where:
Explanation: The gas cost is adjusted for system efficiency then multiplied by the relative price of electricity to gas.
Details: Accurate cost comparison helps in choosing between gas and electric systems, budgeting for energy expenses, and evaluating energy efficiency investments.
Tips: Enter the gas cost in your local currency, system efficiency (default 0.35), and price ratio (default 1.2). All values must be > 0.
Q1: What is a typical efficiency value for gas systems?
A: Most gas systems have efficiencies between 0.3-0.4 (30-40%), with 0.35 being a common average.
Q2: How do I determine the price ratio?
A: Divide the price per kWh of electricity by the price per kWh equivalent of gas in your area.
Q3: Why is efficiency important in this calculation?
A: Efficiency accounts for energy lost during conversion and use - lower efficiency means higher effective costs.
Q4: Can I use this for large-scale industrial calculations?
A: Yes, but you may need to adjust efficiency values based on specific equipment and operating conditions.
Q5: Does this account for all cost factors?
A: No, this is a basic energy cost comparison. Consider additional factors like installation, maintenance, and equipment costs for complete analysis.