Estimate the energy use and cost to operate an appliance.
It is actually a bit shocking how much the cost can be to run various appliances in a home. Some of them may be relatively cheap to operate but if you add all of them together, wow!
A Utility Company charges a certain amount of money for the usage of electricity. This rate can be different depending on what time of the day you use your appliances.
Example. Off Peak hours 0.069 kWh. Peak hours 0.14kWh
Alternately there could be a stepped rate based on a different amounts of usage during a certain amount of time.
Example for the first 1200 kWh used per 30 days the charge =
Step 1; $0.0829 per kWh for first 1,350 kWh in an average two month billing period
Step 2: $0.1243 per kWh over the 1,350 Step 1 threshold.
Examples of annual/monthly costs of operating various devices and appliances according to BC Hydro on the bottom of the page.
Note: 1 min = 0.0166666667 hrs