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On the customer bill, the electric utility states the amount of electric energy, in kilowatt-hours (kW·h), that the customer used since the last bill, and the cost of the energy per kilowatt-hour (kW·h). Air-conditioner sizes are often given as "tons" of cooling, where 1 ton of cooling equals 12,000 BTU/h (3.5 kW). 1 ton of cooling equals the ...
The simple rate charges a specific dollar per kilowatt hour ($/kWh) consumed. The tiered rate is one of the more common residential rate programs. The tiered rate charges a higher rate as customer usage increases. TOU and demand rates are structured to help maintain and control a utility's peak demand. [6]
The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply. In 2018, the average price was close to 60,000 yen/kW, but by 2021 it is estimated at 30,000 yen/kW, so cost is reduced by almost half.
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The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [5] The LCOE is an estimation of the cost of production of energy, thus it tells nothing about the price for consumers and is most meaningful from the investor’s point of view.
The coefficient of performance or COP (sometimes CP or CoP) of a heat pump, refrigerator or air conditioning system is a ratio of useful heating or cooling provided to work (energy) required. [ 1 ] [ 2 ] Higher COPs equate to higher efficiency, lower energy (power) consumption and thus lower operating costs.
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