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Guessing that breaks down to something like $30-$40 per hour per home? Wow.
by dawhizkid 7y ago
Guessing that breaks down to something like $30-$40 per hour per home? Wow.
- phamilton 7y agoSome fun numbers (@ $9/kwh): Running a 1kw microwave costs 15 cents a minute. Watching a 2 hour movie on a 65" TV costs a dollar. Playing a PS4 is $2/hr. Edit: Added @9/kwh because it wasn't clear that's what I was using in my calculations
- cmurf 7y agoA 1500W microwave at 10 cents/kWh will cost 15 cents per hour. A 65" TV might use 100W, 2 hours a day would cost you $6 a year. A refrigerator will get you because it's running 10 hours a day. Much bigger, is the giant heat sink that is your water heater.
- mlyle 7y agoThe spike here was to $9/kWh. 100W * 2 hours * ($9 / (Kilowatt * Hour) = $1.80
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- kmc059000 7y agoMost (I assume) residential consumers pay a fixed price, so that cost falls to the energy providers. Events like these have caused smaller Retail Energy Providers to have to go bankrupt due to not being able to pay for the demand of their customers.
- jumbopapa 7y agoThis is what I was interested in learning about.
- hanniabu 7y agoI'm surprised there aren't rate limiting controls for home when certain rates are hit (that the home owner can set).
- jhayward 7y agoNo one pays that. This is the realtime spot price, which is only paid by retailers who have an "oh shit" problem with their advanced purchasing. (I should note, there are actually retailers who will sell you spot priced power, should that be your desire). The vast, vast majority of power is purchased years (via PPAs) to days ahead of time at much more reasonable and stable prices.