A company consumed about 355,000 kWh of electrical energy during the month of April. The billed...
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A company consumed about 355,000 kWh of electrical energy during the month of April. The billed demand is estimated to be 600 kW for April. If the sales tax is 7 percent, calculate the electric utility bill for the company. Estimate the reduction in the April electric utility bill for the company following a peak shaving measure that lowered the April billed peak demand to 450 kW. The company is subject to the following electric rate structure: Rate-1: ) Customer charge: S145.00/month (ii) Energy charge: $0.0325/kWh/month (ii) Demand charge applicable to the billing demand: - On peak season: $500 for the first 100 kw - plus $5.50/kW for any additional kW - Off-peak season: $300 for the first 100 kw - plus $3.50/kW for any additional kW The on-peak season extends from May to October and the off-peak season spans from November to April. A company consumed about 355,000 kWh of electrical energy during the month of April. The billed demand is estimated to be 600 kW for April. If the sales tax is 7 percent, calculate the electric utility bill for the company. Estimate the reduction in the April electric utility bill for the company following a peak shaving measure that lowered the April billed peak demand to 450 kW. The company is subject to the following electric rate structure: Rate-1: ) Customer charge: S145.00/month (ii) Energy charge: $0.0325/kWh/month (ii) Demand charge applicable to the billing demand: - On peak season: $500 for the first 100 kw - plus $5.50/kW for any additional kW - Off-peak season: $300 for the first 100 kw - plus $3.50/kW for any additional kW The on-peak season extends from May to October and the off-peak season spans from November to April.
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Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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