Even residential power is sold by time in some states? I am curious to see a bill, my house uses some power 24/7.
As lights etc go on and off are you constantly going to different rates?
My understanding is that, for residential properties, there's two options:
1. The energy is free from the landlord. (There are apartments like this; they make it up on the rent)
2. You're metered and billed by Ye Electric Company.
There have been many and varied ways of measuring energy usage. About seven or eight years ago I had to put an electric meter on the inverter output of the solar panels, so, being interested, I looked it up. Edison was the first, but by no means the last, person to come up with a way of measuring energy usage.
Current systems use a kind of motor that spins a wheel depending the magnetic field generated by the current, AC or DC, flowing into a house. Interestingly, these things are bidirectional. The back side of a residential electric meter in the US has four big lugs. Two of them are the split-phase hots from the city power; the other two go straight into the breaker box. When running solar, the two hots from the inverters are literally bolted on top of the two hots going to the breaker panel. So, if the solar panels are making more energy than the house is using, the difference between the two flows
out of the meter. If the solar panels are making less energy than the house is using (at night, say), then energy flows through the meter from the city power guys into the house. In the second case, the disk inside the meter runs forward; in the first case (and I've seen this with my own eyes) the disk runs
backwards. Really. Cool technology.
In any case, meters used for revenue purposes (i.e., you're going to get charged real money) have to be accurate to less than 1%, with the paperwork and testing to prove it.
Last thing. Let's be really clear about this: Watts are a
rate, like gallons per minute. Energy is a
quantity, like a gallon. The SI unit for energy is the Joule; a Watt is defined as the rate of one Joule per Second being used. (1W = 1J/s). That 100 Watt lightbulb lighting up your life right now? It's using 100 Joules per second, so long as it's on.
For $RANDOM historical reasons, energy companies like to charge for energy usage in kW-hours; one kW-hour is 3.6 million Joules (3.6 MJ).
So, if you leave that 100W lightbulb on for 24 hours, the amount of energy used is 100W * 24 = 2.4 kW-hr. In New Jersey, residential, that'll cost you $0.18 or so. Leave it on for half the time? Then, you get charged $0.09.