Enter your electricity usage and current cost per unit of electricity into the calculator. The calculator will evaluate and display your total electricity cost.

## Electricity Cost Formula

The following formula is used to estimate a total electricity cost of a house or appliance.

EC = P*T * CPKWH

- Where EC is the electricity cost
- P is the rate of power consumption
- T is the total time the power was used for
- CPKWH is the cost per kwh

## Electricity Cost Definition

An electricity cost is a defined as the total cost to power any type of appliance that uses electricity.

## Electricity Cost Example

How to calculate electricity cost

**First, determine the power consumption**If looking at a single appliance, you can find this information on the device. If analyzing an entire household, you must add up all of the power consumption of the appliances in use.

**Next, determine the time**Determine the total time the appliances will be running for.

**Determine the electricity cost per unit**Determine the total electrical cost per KWH.

**Calculate the total cost**Enter the information from steps 1-3 into the equation to calculate the total electricity cost.

## FAQ

**What is electricity cost?**

Electricity cost is the amount charged to you for the use of electricity to power devices and appliances in your home.

**How much does electricity cost?**

The national average cost for electricity is 13.19 cents per kilowatt hour. This will vary by location and even time of day.