Rewards for using less when the grid is stressed & smart tariffs that save you more. The UK's most awarded energy supplier, best customer service, and best place to work.
- Our Tariffs
Get a full list of our available
and historical tariffs.
- All our tariffs
Octopus Energy-Learn more about
our tariffs
- Smart Tariffs
Smart customers can save more
Eligible for connected smart meters
- Get A Quote In 2 Min
Just enter your postcode
Get a quick quote now
- Help And FAQs
Read Through the FAQs To Get More
Information And Call Us For Help.
- Get A Quote
Enter the Postcode To Get a Quote
For Your Electricity Plans.
- Our Tariffs
Find the cheapest energy deal! Switch & Save in minutes. Exclusive discounts available. Your information is safe and secure. Enter your details for the best energy deals.
Search results
Oct 25, 2022 · That gives a daily cost of £3.10 and an hourly cost of 13p if running central heating with a heat pump. Does insulation make central heating cheaper to run? Put bluntly, insulation makes a huge difference to how much your central heating costs to run. An uninsulated home loses approximately 25% of its heat through the roof, 33% through the ...
- Overview
- Whole Life Cost of Energy calculator
- Details
The Whole Life Cost of Energy (WLCoE) calculator helps building owners and operators to understand the full financial cost of the energy their buildings use.
4.82 MB
This file may not be suitable for users of assistive technology.
Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
The full financial cost of energy used to heat, cool or power a building includes not only the cost of the fuel, but also the cost of operating, maintaining and replacing the plant that converts the fuel into usable energy. It is particularly difficult to calculate the costs of different types of energy, such as steam, space heating or electricity, generated from different types of on-site plant located across multiple plant rooms.
The Whole Life Cost of Energy (WLCoE) calculator is designed to help building owners and operators perform this calculation in a consistent and transparent way.
The calculator uses a levelised cost approach which enables comparison between different generation types with different capital and operational profiles. The power sector uses this approach widely to compare the unit costs of wind, solar, nuclear and other means of electricity generation on a consistent basis.
For building owners looking to connect to a local energy network, the whole life cost generated by the calculator can be a useful starting point to appraise any offers received for heat and / or cooling supply.
The calculator is issued in BETA form and we would welcome your feedback on it: hndu@beis.gov.uk
Published 24 January 2020
The formula for calculating electricity consumption is: Electricity Consumption (kWh) = Power Rating (W) x Time Used (h) / 1000`. For example, if a 100-watt lightbulb is left on for 5 hours, the electricity consumption would be: 100 W x 5 h / 1000 = 0.5 kWh.
Or: Energy Calculator. Energy consumption: Watts (W) Kilowatts (kW) Time in use: Min ute s H ou rs. Cost of electricity: Electricity costs are calculated using the UK: Price Cap (Oct 2024) electricity rate of £0.24 per kWh (incl. VAT). Calculations exclude the UK Daily Standing Charge of £0.61 per day or £222.28 per year (incl. VAT).
Jan 19, 2024 · Electricity Cost Calculator UK: Prices based on the new Energy Price Cap (October 2022). Electricity Consumption in Kilowatt Hours (kWhs): *. The average UK electricity bill is 2,900 kWh of electricity each year. Cost of Electricity (In Great British Pounds (£)): This figure is based on the latest Energy Price Cap*.
Mar 1, 2024 · Running costs based on the following kWh prices (October 2024 price cap): £0.249 for electricity; £0.074 for gas with a £0.31 daily standing charge; heating efficiency of 70% for old gas boilers, 90% for modern gas boilers and 340% for heat pumps. Despite gas and oil being cheaper per unit, the higher efficiency of an air source heat pump ...
People also ask
How many kWh does a home need a year?
How much electricity does your home use?
How are electricity costs calculated in the UK?
What is a kilowatt hour (kWh)?
How do I calculate electricity costs?
How much does heating cost in the UK?
May 13, 2024 · Average cost of heating a home in the UK. The cost of heating a home in the UK has increased considerably over the last few years. At the start of 2024, the average UK energy bill (not including standing charges) was £1,626. This means the typical cost of heating a home is likely over £600 a year 2.
8.0/10 (78775 reviews)
Make your home more energy-efficient with our smart saving products. Explore today! Discover products designed to lower energy bills and save money. Shop Easylife now!
