Electricity Cost Calculator
Enter each appliance's wattage and daily usage time plus your electricity rate to get instant daily, weekly, monthly, and yearly cost.
Worked examples
A mini fridge running around the clock
A dorm-room mini fridge draws a steady 100 watts and runs 24 hours a day — what does that add up to over a year?
- Power
- 100 W
- Usage
- 24 hr/day
- Rate
- $0.15/kWh
≈ $0.36/day · $131.40/year
Desktop and monitor during work hours
A remote worker wants the combined monthly cost of a desktop PC and monitor left on for an 8-hour workday.
- Desktop
- 200 W × 8 hr
- Monitor
- 30 W × 8 hr
- Rate
- $0.18/kWh
≈ 1.84 kWh/day · $10.07/month
How the formula works
Power is the rate energy is used, so multiplying it by time gives the total energy consumed: watts divided by 1,000 converts to kilowatts, and kilowatts times hours gives kilowatt-hours (kWh) — the unit your utility bills you for. Multiplying that energy by your rate converts it straight to a cost. Every other period on this page is just that daily figure scaled up: a week is 7 days, a year is 365 days, and a month is a year's worth of days divided by 12, so the twelve monthly figures always add back up to the annual total.
Frequently asked questions
Why does the formula divide watts by 1000?
Power ratings on appliances and light bulbs are almost always printed in watts, but electricity is billed in kilowatt-hours — a kilowatt is 1,000 watts. Dividing the wattage by 1,000 converts it to kilowatts before multiplying by hours, which is what turns a nameplate rating into the same kWh unit your utility bill uses.
How is the monthly cost calculated when months have different lengths?
Rather than picking an arbitrary 28, 30, or 31-day month, this calculator uses the year's average: 365 days ÷ 12 ≈ 30.44 days per month. That keeps the numbers internally consistent — twelve monthly figures always add up to the yearly total exactly, instead of drifting depending on which months you'd otherwise have picked.
Does this include standby or phantom power draw?
Only if you account for it in the hours field. Many electronics still pull a small amount of power while "off" but plugged in — phone chargers, game consoles, and TVs are common offenders. If you want that reflected, either add an extra row estimating the standby wattage over the remaining hours in the day, or use a plug-in power meter to measure the appliance's true average draw.
Can I compare two appliances directly with this calculator?
Yes — add a row for each appliance with its own wattage and usage time. Every row shows its own daily energy and cost right under its fields, so you can see at a glance which one costs more to run, while the totals at the bottom combine all of them into a single household figure.
What if my utility charges tiered or time-of-use rates instead of a flat rate?
Enter a blended average rate (total dollars billed ÷ total kWh used from a recent statement) for a reasonable estimate. This calculator assumes one constant rate per kWh, so it won't capture peak/off-peak swings or usage-tier jumps exactly — for a bill with strong time-of-use pricing, run the calculation once per rate tier and add the results.
Why doesn't this match my actual meter reading exactly?
Real appliances rarely draw a perfectly constant wattage — a refrigerator compressor cycles on and off, a space heater's thermostat clicks in and out, and a laptop draws more under load than idle. The nameplate or average wattage you enter is a simplification; for the most accurate estimate, measure actual draw over a day with a plug-in power meter instead of relying on the printed rating.
Should I use the nameplate wattage or a measured wattage?
Nameplate wattage (printed on the appliance or its power supply) is a maximum rating, so it tends to overestimate real-world cost for anything that cycles or varies its draw, like heaters, fridges, and motors. A plug-in power meter reading the appliance's actual average watts gives a more realistic result — use the nameplate figure only as a worst-case upper bound.