Launch offer — 25% off with code LAUNCH-25 See plans →
Microlesson · 5-min read

Service Costing for Power House / Electricity Generation

# Service Costing for Power House (Electricity Generation)

## Background

Electricity is an intangible "service" sold per unit (kWh). Power houses (thermal, hydro, etc.) use service costing to determine cost per unit of electricity generated.

## Classification of Costs — Three Categories

The costs of a power house are conventionally classified into Fixed, Semi-Variable, and Variable:

### 1. FIXED COST

Costs incurred regardless of units generated:

  • Rent of premises
  • Rates and taxes
  • Depreciation on plant & buildings
  • Insurance
  • Salary of permanent staff
  • General administration

### 2. SEMI-VARIABLE COST

Costs that have a fixed component plus a variable component:

  • Meters (some maintenance fixed, some usage-related)
  • Tools and consumables
  • Furnaces (firing cost partly fixed, partly variable)
  • Repairs and maintenance

### 3. VARIABLE COST

Directly vary with units of electricity generated:

  • Fuel (coal, gas, diesel)
  • Water used in boilers/turbines
  • Wages of casual labour engaged on actual production
  • Note: any scrap value of raw material (e.g., ash sale) is reduced from variable cost

## Cost per Unit

```

Cost per kWh = Total Cost (Fixed + Semi-variable + Variable - Scrap value)

─────────────────────────────────────────────────────────────

Net units generated (or sold)

```

## Practical Notes

  • Distinguish between units generated and units sold — transmission losses are a fact of life.
  • For tariff fixation, regulators often expect classification into fixed and variable so that consumers can see a 'demand charge' (fixed) and an 'energy charge' (variable) separately.

Worked example

### Example 1

Illustration — Power House Cost Sheet

A thermal power station produced 50,00,000 units in a year. Costs incurred:

  • Fuel (coal) = ₹2,00,00,000
  • Water = ₹15,00,000
  • Wages (variable portion) = ₹35,00,000
  • Salary (fixed) = ₹50,00,000
  • Depreciation = ₹40,00,000
  • Rent, rates, insurance = ₹20,00,000
  • Repairs (semi-variable) = ₹30,00,000
  • Sale of ash (scrap) = ₹10,00,000

Compute cost per unit.

Solution:

  • Variable = 2,00,00,000 + 15,00,000 + 35,00,000 − 10,00,000 = ₹2,40,00,000
  • Semi-variable = ₹30,00,000
  • Fixed = 50,00,000 + 40,00,000 + 20,00,000 = ₹1,10,00,000
  • Total cost = ₹3,80,00,000
  • Cost per unit = 3,80,00,000 / 50,00,000 = ₹7.60 per kWh

⚠️ Common exam mistakes

  • Forgetting to deduct scrap value (e.g., sale of ash) from variable cost.
  • Treating depreciation as variable cost — depreciation is a fixed cost based on time, not usage (for cost-accounting purposes).
  • Using units sold instead of units generated without adjustment, or vice versa, depending on what the question demands.
Reference:
Now that you've read this — what's next?
Move from understanding → mastery in 3 clicks. Each option below picks up from this lesson's topic.
Start 15-min diagnostic