The formula to calculate the cost per kilowatt (CPKW) is:
\[ CPKW = \frac{TC}{P(KW)} \]
Where:
A cost per kilowatt measures the cost per unit of power. In this case, the power is in kilowatts. This metric is useful for understanding the efficiency and cost-effectiveness of energy consumption.
Let's assume the following values:
Step 1: Calculate the cost per kilowatt:
\[ CPKW = \frac{500}{100} = 5 \text{ dollars per kW} \]
Therefore, the cost per kilowatt is $5 per kW.