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That's an insane electric cost if it's comprehensive of everything including delivery fees plus taxes and surcharges (i.e. your actual monthly payment divided b
by ComputerGuru 3y ago
That's an insane electric cost if it's comprehensive of everything including delivery fees plus taxes and surcharges (i.e. your actual monthly payment divided by total kWh consumed).
I'm in Illinois and we are considered to have fairly cheap electricity (and the highest (?) rate of nuclear energy in the States) but even with time-of-use billing heavily biased towards late night and the wee hours of the morning, I still paid net just over 10¢/kWh this past month. (State law mandates the availability of a real-time pricing option by all electric providers in Illinois.)
The reason I asked if it was calculable with the simple formula I listed above is that—according to ComEd—my price was 6.809¢/kWh, but that's not taking into account the ~34% of the total bill that's taxes and surcharges.