To calculate the Watt to Cost (WTC):
WTC=W×T×CPW
Where:
The Watt to Cost (WTC) refers to the total cost of energy consumption based on the power used, the duration of use, and the cost per unit of energy. This calculation helps in understanding the cost associated with energy consumption over time and can be useful for budgeting and cost management in both residential and industrial settings.
Let's assume the following values:
Using the formula:
WTC=1000×5×0.10=500
Watt to Cost (WTC): $500.00
Let's assume the following values:
Using the formula:
WTC=500×10×0.20=1000
Watt to Cost (WTC): $1000.00