Enter the annual electricity usage (kWh) and the average cost of electricity ($/kWh) into the Average Monthly Electricity Bill Calculator. The calculator will evaluate and display the Average Monthly Electricity Bill. ## Average Monthly Electricity Bill Formula The following formula is used to calculate the Average Monthly Electricity Bill. AEB = AEU * ACE /12 • Where AEB is the Average Monthly Electricity Bill ($/month)
• AEU is the annual electricity usage (kWh)
• ACE is the average cost of electricity ($/kWh) ## How to Calculate Average Monthly Electricity Bill? The following example problems outline how to calculate Average Monthly Electricity Bill. Example Problem #1: 1. First, determine the annual electricity usage (kWh). • The annual electricity usage (kWh) is given as: 70,000. 2. Next, determine the average cost of electricity ($/kWh).
• The average cost of electricity ($/kWh) is provided as: .15. 3. Finally, calculate the Average Monthly Electricity Bill using the equation above: AEB = AEU * ACE /12 The values given above are inserted into the equation below and the solution is calculated: AEB = 70,000 * .15 /12 = 875.00 ($/month)

Example Problem #2:

For this problem, the variables needed are provided below:

annual electricity usage (kWh) = 10,000

average cost of electricity (\$/kWh) = .50

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer.

AEB = AEU * ACE /12 = ?