Cost Formula:
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The Electricity And Gas Calculator estimates the total cost of energy consumption by calculating the combined cost of electricity usage (in kWh) and gas usage (in therms) based on their respective rates.
The calculator uses the cost formula:
Where:
Explanation: The equation calculates the total energy cost by multiplying each energy type's consumption by its respective rate and summing the results.
Details: Accurate energy cost estimation is crucial for budgeting, comparing energy providers, identifying energy-saving opportunities, and managing household or business expenses.
Tips: Enter electricity consumption in kWh, electricity rate in $/kWh, gas consumption in therms, and gas rate in $/therm. All values must be non-negative numbers.
Q1: What is a therm as a unit of measurement?
A: A therm is a unit of heat energy equal to 100,000 British thermal units (BTU), commonly used for natural gas billing.
Q2: How do I find my electricity and gas rates?
A: Rates are typically listed on your utility bills or available from your energy provider's website. They may include fixed charges, variable rates, and taxes.
Q3: Can this calculator handle tiered or time-of-use rates?
A: This calculator uses simple flat rates. For tiered or time-of-use pricing, separate calculations for each rate tier would be needed.
Q4: Are there other energy costs not included in this calculation?
A: Yes, this calculator only includes energy consumption costs. Additional charges like delivery fees, taxes, and fixed service charges are not included.
Q5: How accurate is this cost estimation?
A: The accuracy depends on the precision of your consumption data and rate information. For exact billing amounts, always refer to your actual utility bills.