WiseCalcs

Electricity cost calculator

Enter the device's power in watts, how many hours it runs each day, and your price per kilowatt-hour. The calculator shows the daily, monthly, and yearly cost as you type.

Written by Kenneth Schrøder, Founder of WiseCalcs

Updated ·Sources verified

Daily cost = watts ÷ 1,000 × hours per day × price per kWh. See 30-day and yearly costs, then compare a second device at the same price.

W
h
USD

Monthly cost

$4.50

Daily cost
$0.15
Yearly cost
$54.75
Energy per year
182.5 kWh

Compare another device

Same price per kWh as above. Positive difference means B costs less.

Device A / year
$54.75
Device B / year
$109.50
Annual difference (A − B)
-$54.75

The headline is a 30-day month. The daily and 365-day yearly costs use the same power, hours and unit price. Device B uses that same price; a positive annual A − B difference means B costs less to run. This excludes the purchase price and fixed charges.

How does it work?

Daily cost = (power in watts / 1,000) × hours used per day × price per kWh. Divide only the wattage by 1,000, then multiply by hours and price. A month is 30 days and a year is 365 days. You supply the price per kWh from your bill.

Electricity cost formula

cost=W1000×h×price\text{cost} = \frac{W}{1000}\times h \times \text{price}
W
Power draw in watts.
h
Hours used per day.
price
Price per kilowatt-hour.

A 100 W device run 5 hours a day uses 0.5 kWh daily; at 0.30 per kWh that is 0.15 a day, about 4.50 a month and 54.75 a year.

Method & sources

Power is entered in watts and converted to kilowatts by dividing by 1,000. The device runs the same number of hours every day. A month is treated as 30 days and a year as 365 days.

Sources

Where this method comes from — use these references to understand the formula, assumptions, and limits.

How we calculate

  • Power is entered in watts and converted to kilowatts by dividing by 1,000.
  • The device runs the same number of hours every day.
  • A month is treated as 30 days and a year as 365 days.
  • The price per kWh is the all-in rate you supply from your bill.
  • Fixed charges are excluded. Variable charges and taxes are included only if you include them in the entered kWh price. Standby must be entered as its own power and hours.

Rounding

Costs are rounded to two decimals and energy to one decimal for display. The calculation uses full precision.

Compare two appliances at the same electricity price

Enter device A above, then device B's watts and daily hours in the comparison. Both use your price per kWh. The annual difference is A minus B: a positive amount means B costs less to run. Purchase price and replacement costs are not included, so this difference alone does not establish whether buying a new device pays off.

Where to find your electricity price

Use the unit rate on your supplier's bill or tariff sheet. If the rate is in cents, divide by 100 before entering it. Include per-kWh charges and taxes you want represented in the result; fixed standing charges are separate. For a variable tariff, enter a representative rate for the hours you actually use the device. There is no automatic price lookup. The displayed currency follows the page language; no currency conversion takes place.

Three examples you can adapt

Illustrative inputs, not measured appliance averages: a 10 W lamp used for 5 hours needs 0.05 kWh/day; a 100 W device used for 3 hours needs 0.3 kWh/day; a 2,000 W heater running at full power for 2 hours needs 4 kWh/day. Multiply each by your unit rate. Use measured average power for devices that cycle on and off rather than assuming their maximum wattage runs continuously.

Watts, kilowatts and kilowatt-hours

Watts (W) describe power: how quickly a device uses energy while running. Divide by 1,000 for kilowatts (kW). Multiply kilowatts by hours to get kilowatt-hours (kWh), the energy you pay for. A 2 kW heater is 2,000 W; enter 2000 in the power field, not 2.

Choose a realistic power and run time

Use a measured average or the power for the operating mode you want to estimate. A label or manual can provide a starting value, but this calculation assumes that power stays constant during the hours you enter. A heater controlled by a thermostat or a cycling refrigerator does not necessarily draw its rated power continuously. A suitable plug-in energy meter can help with devices whose draw varies.

Enter the total hours of actual operation in a day, including fractions: 15 minutes is 0.25 hours. For an always-on device use 24 only if the wattage represents its average across that whole day. The calculator does not model cycling, warm-up, temperature or seasonal changes.

Use your own electricity price

Read the variable price per kWh on your bill or tariff. On this English page, enter dollars per kWh: 30 cents is 0.30, not 30. Include per-kWh delivery charges and taxes if you want them represented. Fixed daily charges or monthly subscriptions are outside the appliance calculation. Changing the site language changes the currency label; it does not convert the price.

The tool does not fetch a live tariff, location or national average. If your rate changes by time of day, calculate each time band separately and add the costs. A single average rate is an estimate; this tool does not schedule usage into cheaper hours.

Worked appliance examples

These are arithmetic scenarios, not measured averages for a product category. At an example price of $0.30/kWh: 100 W for 5 hours uses 0.5 kWh/day and costs $0.15/day, $4.50 per 30-day month and $54.75 per 365-day year. Annual energy is 182.5 kWh.

A 2,000 W heater drawing full power for 2 hours uses 4 kWh/day: $1.20/day, $36.00/month and $438.00/year at the same example price. A 10 W lamp for 5 hours uses 0.05 kWh/day: $0.015/day before rounding, $0.45/month and $5.475/year. Totals are calculated before display rounding, so do not multiply a rounded daily amount to check the yearly figure.

Compare device A with device B

Enter B’s watts and hours in the comparison panel. Both devices use the price above. With A at 100 W for 5 hours and B at 10 W for 5 hours, the annual difference is $49.275 before rounding, displayed as $49.28. That is a difference in running cost under these inputs, not a promise that a replacement will pay for itself. Include purchase and installation costs separately.

Standby and the limits of the totals

Standby is included only when you enter a power and time that represent it. To separate 5 active hours from 19 standby hours, run two scenarios and add their costs. Do not count the same hours twice. A month always means 30 days here and a year 365 days; twelve displayed months therefore cover 360 days, not a whole year.

FAQ

How is the cost calculated?
Watts are divided by 1,000 to get kilowatts, multiplied by the hours per day to get kWh, then multiplied by your price per kWh for the daily cost. Monthly and yearly figures use 30 and 365 days.
Where do I find the price per kWh?
It is on your electricity bill, usually as a unit rate. Use the all-in rate including any per-kWh charges for the most accurate result.
Does this include standing charges?
Fixed daily standing charges are not included. Variable taxes or charges are included only if they are part of the price per kWh you enter.
Can I use a refrigerator’s label wattage for 24 hours?
Only if that wattage represents its average across the day. Refrigerators cycle, so continuously applying a running or maximum wattage can overstate use. This tool does not model those cycles. Use a suitable measurement or a clearly stated average.
Which currency does it use?
The English page displays USD. Other languages use their market currency. Enter the corresponding unit price yourself; changing the language does not convert currencies.
Can I share a calculation?
Yes. Use Share to copy a link that reopens the calculator with the same power, hours, and price.

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