Electricity: Based on an average of the 6 major electricity suppliers’ online prepayment, credit and direct debit tariffs, including standing charges and VAT, but not Economy 7. Data used are the Tariff Comparison Rates (TCR) provided on the 6 major energy suppliers’ website.
A fixed energy tariff means your unit rates stay the same for the duration of the plan. This will usually be for one year, 18 months, two years or three years. It’s important to understand this doesn’t mean your bill will be the same each month: it’s the unit price that is fixed, not the total amount you pay.
Power is the rate at which work is done. It is the work/time ratio. Mathematically, it is computed using the following equation. Power = Work / time or P = W / t . The standard metric unit of power is the Watt. As is implied by the equation for power, a unit of power is equivalent to a unit of work divided by a unit of time.
Data: average prices from 20144 converted at mean exchange rate for that year - Sources: IEA, EIA, national electricity boards, OANDA. Electricity prices relative to purchasing power. Data: average prices from 2011 converted to USD using purchasing power parties - Source IEA, EIA, UN. Average gas and electricity prices (p/kWh)
Here is a brief rundown of the costs of electricity for residential customers across the 36 states and Abuja. This is a household that has 3 AC's, a deep freezer and Fridge, LCD or LED TV's, Electric Cooker and a washing machine. Here is how much you pay for electricity in your state.
NOTE: Some suppliers may offer “unlimited usage” or “flat rate” products with a set monthly price for electric generation. For more information on these offers, see Unlimited Usage Offers. Here is a short video explaining the differences between fixed and variable rates when shopping for electricity.
Buy the most efficient air conditioner you can afford, especially if you use (or think you will use) an air conditioner frequently and/or if your electricity rates are high. Example 1 Calculate the power consumption of 5000 BTUs/h room air conditioner with an Energy Efficiency Ratio (EER) of 8.