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Cost Per Therm Formula:
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Cost Per Therm is a measurement used in the UK energy market to calculate the price per unit of gas energy consumed. It helps consumers compare gas prices and understand their energy costs more effectively.
The calculator uses a simple formula:
Where:
Explanation: This calculation provides the price you pay for each therm of gas consumed, allowing for easy comparison between different energy tariffs and suppliers.
Details: Understanding your cost per therm helps in budgeting energy expenses, comparing energy suppliers, identifying potential savings, and making informed decisions about energy consumption and tariff choices.
Tips: Enter your total gas cost in pounds (£) and the number of therms used from your energy bill. Both values must be positive numbers. The calculator will instantly show your cost per therm.
Q1: What is a therm?
A: A therm is a unit of heat energy equal to 100,000 British thermal units (BTU). It's commonly used in the UK gas industry for billing purposes.
Q2: Where can I find my therms used on my energy bill?
A: Your gas bill should show the number of therms or cubic meters used. If in cubic meters, you may need to convert to therms using the conversion factor provided by your supplier.
Q3: What is a typical cost per therm in the UK?
A: Costs vary by supplier, tariff, and market conditions. Typically ranges from £0.02 to £0.05 per therm, but check current market rates for accurate comparisons.
Q4: Can I use this for electricity costs?
A: No, this calculator is specifically for gas costs measured in therms. Electricity is typically measured and billed in kilowatt-hours (kWh).
Q5: How often should I check my cost per therm?
A: It's good practice to check with each bill, especially when energy prices are fluctuating or when considering switching suppliers.