MTMasterTool

kWh Cost Calculator

Estimate electricity cost from usage and your entered tariff.

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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.

What this tool does

Estimate electricity cost from usage and your entered tariff. Taxes, standing charges, time-of-use and demand charges are not included.

How to use the kWh Cost Calculator

  1. Enter or select energy used (kwh).
  2. Enter or select electricity price per kwh.
  3. Read the calculated result; change any measurement to compare alternatives.

Formula

cost=kWh×rate
kwh
Energy used (kWh)
rate
Electricity price per kWh

Taxes, standing charges, time-of-use and demand charges are not included.

Worked example

For kwh cost calculator, the following measurements illustrate the exact method: Energy used (kWh): 300; Electricity price per kWh: 0.16.

Inputs

  • Energy used (kWh)300
  • Electricity price per kWh0.16

Result

  • Energy cost$48.00
  • Energy (kWh)300

Results explained

Energy cost
Energy cost from the formula above. Taxes, standing charges, time-of-use and demand charges are not included.
Energy (kWh)
Energy (kWh) from the formula above. Taxes, standing charges, time-of-use and demand charges are not included.

Frequently asked questions

cost=kWh×rate

Taxes, standing charges, time-of-use and demand charges are not included.

No. Electrical and HVAC results are estimates. Installation must comply with local codes and be checked by a qualified licensed professional.

Nameplate values, conductor temperature, power factor, efficiency, weather and actual installation conditions may differ from your entered assumptions.

Confirm units, manufacturer data and the formula's assumptions, then verify sizing with the equipment instructions and applicable local standards.