Estimated Rate
An estimate of the electric rate can be made by looking at the most recent electric bill.
1. First, find the dollar amount and the kilowatthours used.
2. Then divide the dollar amount by the total number of kilowatthours used.
3. The result is an estimated average rate for the last billing period.
2. Then divide the dollar amount by the total number of kilowatthours used.
3. The result is an estimated average rate for the last billing period.
This same method can be used to find an average yearly estimate of the electric rate by adding the dollar amounts of all the bills during the last year and dividing by the total kilowatt hour usage of all the bills during the last year.
