A power bill calculator helps you estimate your electricity costs based on your energy usage. It’s an essential tool for budgeting and understanding where your money goes every month. Read on to learn how to use a power bill calculator and manage your electricity expenses more effectively.

Your electric rate is determined by multiple factors, including location, building type (residential/commercial), usage, and market conditions.

In deregulated energy markets, you can shop around for a better electric rate. The price you pay (kWh) for electricity is determined by your local utility or supplier, and it varies for different types of customers, such as large general service and residential customers, based on their responsibilities and usage patterns.

Your bill should clearly state the rate you’re paying for electricity.