Cost Calculation Formula:
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The Gas And Electric Calculator helps estimate energy costs based on usage and average rate. It provides a simple way to calculate expenses for gas and electricity consumption.
The calculator uses the formula:
Where:
Explanation: The calculation multiplies your energy usage by the average rate to determine the total cost.
Details: Understanding energy costs helps with budgeting, comparing energy tariffs, and identifying potential savings on gas and electricity bills.
Tips: Enter your energy usage in kWh and the average rate in £/kWh. Both values must be positive numbers for accurate calculation.
Q1: Where can I find my energy usage information?
A: Your energy usage can typically be found on your utility bills or through your energy provider's online portal.
Q2: How do I determine the average rate?
A: The average rate is usually provided on your energy bill as the cost per kWh for both gas and electricity.
Q3: Does this calculator work for both gas and electricity?
A: Yes, the same formula applies to both gas and electricity cost calculations when usage is measured in kWh.
Q4: Can I use this for different time periods?
A: Yes, you can calculate costs for daily, weekly, monthly, or annual periods by using the corresponding usage data.
Q5: Are there any additional charges not included?
A: This calculation provides the basic energy cost. Your actual bill may include additional charges like standing charges, taxes, or other fees.