I just read this article, and thought it's worth sharing.
Standby energy consumption adds $860 million to electricity bills
And did some quick maths to check my understanding of watts and the cost we pay.
The says we waste around 40w per say and it cost us almost $95 pa.
So I did 40*365= 14600w. So that is 14.6 kW. At $95, I got around $6 per kW, that sounds like a lot more than what I pay. I thought we pay around 20-25c per kW.
Where am I wrong?
Sorry for the rounding in numbers, using my phone and can't remember all the figures to the tee.
Watt is a measure of power but you pay for energy which is power x time. It's actually 20-25c per kWh. So the calculation should be 40 x 24 x 365 / 1000 = 350 kWh giving roughly $90, in the ballpark.
Aside: the unit of energy is Joule = 1 W x 1 second. 1 kWh = 3600000 J.