Assume the utility rate to be $.20/kWh. What is the cost of purchasing 10kW for 1.0 hour?
10 kW for 1.0 hr is 10 kWh of energy use. Multiply that by the cost per kWh
0.20 $/kWh x 10 kWh = ?
.2 X 10 = $2.00?
Yes
To calculate the cost of purchasing 10kW for 1.0 hour, we need to find the amount of energy consumed and then multiply it by the utility rate.
First, let's convert the power from kilowatts (kW) to kilowatt-hours (kWh) by multiplying it by the duration:
Energy consumed = Power × Time = 10kW × 1.0 hour = 10 kWh
Now, we can find the cost of purchasing 10kW for 1.0 hour by multiplying the energy consumed by the utility rate:
Cost = Energy consumed × Utility rate = 10 kWh × $0.20/kWh = $2.00
Therefore, the cost of purchasing 10kW for 1.0 hour would be $2.00.