As someone who doesn't pay attention to detail (it's "kWh" not "KW/h" 
), you are almost certainly in error.
- Either the extra zero is a typo and you are in fact paying $0.11 per kWh
- Or $0.011/kWh is the generation cost and excludes the delivery cost, or vice versa (to know your effective rate, take your total amount billed and divide by our total kWh consumed)
Consider also that $0.011/kWh would be at or below the production cost of almost any hydroelectric dam in the world, including the Guri dam in Venezuela, which supplies 73% of the electricity in your country.
), you are almost certainly in error.- Either the extra zero is a typo and you are in fact paying $0.11 per kWh
- Or $0.011/kWh is the generation cost and excludes the delivery cost, or vice versa (to know your effective rate, take your total amount billed and divide by our total kWh consumed)
Consider also that $0.011/kWh would be at or below the production cost of almost any hydroelectric dam in the world, including the Guri dam in Venezuela, which supplies 73% of the electricity in your country.
You got me in one thing, i don't know how to calculate power usage, i just tried to figure it out on my own, i thought that since it is the amount of kW consumed in an hour then it must be KW/h. is that wrong? please correct me if it is.
What i DO know for sure is how much i pay for the electricity and how much it is per kWh (right?), in the power bill it says 0.1Bs (Venezuelan VEF) per kWh. The exchange rate is fixed by the govt to 4.30VEF per USD but there is the black market rate at 8.60VEF. i think my mistake was using the black market rate because i think it is the REAL/MARKET rate so 0.1/8.6=0.011, but with the govt rate that will be 0.023
Nice homework there in the guri dam thing but i live in the west part of the country (the remaining 27%?) where we have gasoline thermoelectric generators and since we pay 0.115VEF each litre of gasoline (yes, that's right 0.05USD each gallon) the price of electricity is a bit on the high side, with a litre of gasoline you could generate up to 9.7kWh (http://wiki.xtronics.com/index.php/Energy_density) i guess the rest are operating costs.
Talking about Venezuela...
http://finance.yahoo.com/news/Venezuela-raises-electricity-apf-2525496835.html?x=0&.v=1
People there will have a hard time mining if the govt actually penalizes users who aren't reducing use rather than adding more.
http://finance.yahoo.com/news/Venezuela-raises-electricity-apf-2525496835.html?x=0&.v=1
People there will have a hard time mining if the govt actually penalizes users who aren't reducing use rather than adding more.
I just read that article but you failed to read "Venezuela's biggest energy consumers -- industrial firms, large businesses and shopping malls -- must reduce consumption by 10 percent during a month-long period" that law is not going to be applied to residential consumers
let's keep the thread about electricity costs, mining profitability and our own experiences with both in the place we live not in politics and politicians. shall we?