1. What is the Alberta Electricity Cost Calculation?

The Alberta electricity cost calculation determines the net cost per kWh when accounting for solar credits. It helps solar panel owners understand their actual electricity costs after solar generation credits.

2. How Does the Calculator Work?

The calculator uses the simple equation:

Where:

• \( Rate \) — Current electricity rate in CAD/kWh
• \( Solar\ Credit \) — Credit received for solar generation in CAD/kWh

Explanation: The equation subtracts the solar credit you receive for each kWh generated from the rate you pay for each kWh consumed.

3. Importance of Cost Calculation

Details: Understanding your net electricity cost helps evaluate the financial benefits of solar panel installation and calculate payback periods.

4. Using the Calculator

Tips: Enter your current electricity rate and the solar credit you receive per kWh. Both values should be in CAD/kWh.

5. Frequently Asked Questions (FAQ)

Q1: Where can I find my electricity rate?
A: Check your most recent utility bill or your electricity provider's website for current rates.

Q2: How is solar credit determined?
A: Solar credits are typically based on Alberta's micro-generation rules and your specific electricity retailer's policies.

Q3: Does this account for time-of-use rates?
A: No, this calculator uses a flat rate. For time-of-use calculations, you would need to calculate each time period separately.

Q4: Are there other fees not included?
A: Yes, this doesn't account for fixed fees, transmission charges, or other line items that may appear on your bill.

Q5: Can this be negative?
A: Yes, if your solar credit exceeds your electricity rate, you would have a negative cost (credit balance).