Onthe other hand, there are significant savings to achieve if your loads are flexible in terms of schedule. There are rates where the peak hour energy price is over 30 cents per kWh, and the off-peak rate is slightly over one cent per kWh. Energy storage is a viable option to move energy consumption from peak hours to low-demand hours. Costof electricity: £0.29 per 60 minutes. £0.290 per 60 minutes. Electricity costs are calculated using the UK: Price Cap (Jan 2024) electricity rate of £0.29 per kWh (incl. Forexample, if you use a 100-watt light bulb for 10 hours/day, the energy use = is 1 kWh: 100 watts x 10 hours = 1,000 watt‐hours = 1 kWh. However, does that lamp need to be on for 10 hours? You may only need the light from 7:00pm to 11:00pm. In that case: 100 watts x 4 hours = 400 watt‐hours = .4 kWh. Inthis case, the number of kilowatt-hours produced would be 1.8 kWh. Next, calculate the following for the number of kWh per year using the following formula: (1.8 kWh/day) x (365 days/year) = 657 kWh per year. In this case, the solar panel output of this particular panel would generate 657 kWh per year in power output. DistributionkWh (Year-round). . . 6 .879¢ per kWh . Time of Day 11 a.m. - 7 p.m. Rate (D1.2) On-peak hours: Monday-Friday 11 a.m. to 7 p.m. Power Supply Charges: First 17 kWh per day The rates in this brochure are approved by the Michigan Public Service Commission and are in effect as of November 25, 2022 . kWhUsed: Low Electricity Price ($0.10/kWh): Average Electricity Price ($0.15/kWh): High Electricity Price ($0.20/kWh): Very High Electricity Price ($0.30/kWh): 1 kWh: $0.10: $0.15: $0.20: $0.30: 10 kWh: $1.00: $1.50: $2.00: $3.00: 20 kWh: $2.00: $3.00: $4.00: $6.00: Ifyou operate your lighting for 4,320 hours per year (12 hours per day, 360 days per year), the 100W PAR38 would use 432 kWh per year and the 14W LED PAR38 would use just over 60 kWh per year. In this case, the utility would pay a rebate based on the 372 kWh of energy consumption saved over the course of the year from the more Anaverage modern microwave will use around 1200 watts. Click calculate to find the energy consumption of a microwave oven using 1200 Watts for 30 minutes a day @ $0.10 per kWh. Hours Used Per Day: Enter how many hours the device is being used on average per day, if the power consumption is lower than 1 hour per day enter as a decimal. USElectricity Profile 2022. Name. Average retail price (cents/kWh) Net summer capacity (MW) Net generation (MWh) Total retail sales (MWh) Alabama. 11.59. 28,910. MonthlykWh. Cost/Month (based on $0.10 per kWh rate) **Based on 4,296 Heating Degree Days. Cooling costs would be approximately 40% of total energy costs. OH electric certificate No.: 11-410E(3) Gas: Certificate No.: 12-249G(3). For electric supply customers NAP’s applicable rates for Service (fixed or variable) shall be equal to the NgUm5.