Your number is are correct, but your units don't make any sense.Onoff32 said:Homework Statement
If I calculate that a motor needs 41kW continuously throughout a day to run, and it costs $0.08 per kWh to run, to calculate the cost of this for 32 weeks, I would do 41 x 24hours x 7days x 32weeks x $0.08 = $17633.28
is this a correct way of working it out?
That's what I get, so I'll say the answer is yes.CherryB said:Would that work for generation as well? If a generator puts out 1MegaWatt then it would follow that
1MW x 24 hours/day x 365 days/year=8,760 MWh or 8,760,000 kWH? Thank you
The cost of $17,633.28 was calculated by multiplying the power of the motor (41kW) by the number of weeks it will be in use (32 weeks) and then multiplying that by the cost per week for the motor.
The cost of the motor is determined by its power, the duration it will be in use, and the cost per week for the motor. Other factors that may contribute to the cost include the brand and quality of the motor, any additional features or customization, and the supplier or vendor.
The cost of $17,633.28 is most likely for purchasing the motor. Renting the motor may have a different cost structure, such as a weekly or monthly rental fee.
The stated cost of $17,633.28 may only include the cost of the motor itself. Additional expenses that may need to be considered include installation fees, maintenance costs, and any necessary accessories or parts.
The cost of the motor may be negotiable, depending on the supplier or vendor. It is always worth inquiring about potential discounts, bulk pricing, or any ongoing promotions that may affect the cost.