How to Calculate and Save on Your Electricity Costs

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How to Calculate and Save on Your Electricity Costs

3 SIMPLE STEPS TO CONSIDER:

 

1) Know the electricity tariffs charged by your electricity supplier (Cents/ kWh)

2) Know the power consumption of your lights (watts)

3) Know how long it is used for every day (hours)

 

Scenario

User utilises the ceiling lights for about 13 hours daily. Currently, user is using fluorescent lights and is considering making the switch to LED lights. Here is a guide on how to calculate the potential cost-savings

 

Step 1: Know the electricity tariffs charged by your electricity provider

Check your electricity tariffs against your assigned electrical company. In this scenario, we take reference from the prevailing electricity tariffs from SPGroup.

 

Step 2: Know the power consumption (Watt) of the LED and Fluorescent lights respectively. 

 

Step 3: How long do you use it per day (in hours)?

 

Therefore, switching 1 lighting fixture, from fluorescent lights (B) to LED lights (A), would save you:

$0.11 or 11 cents daily,
$34.1 or 341 cents monthly, and
$40.92 or 4092 cents annually.
 
 

By switching all light fixtures from fluorescent to LED lights, you can potentially save up to hundreds of dollars every year.

 

Alternatively, Input your values into the calculator to find out the cost of each respectively:

Electricity Cost Calculator