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G4 watt usages, electric cost

I want to gauge the cost of using g4 bulbs.

I have put a ceiling light in it has 12 x 10W g4 bulbs = 120Watts

Is this correct.

Cost of 1 hr usage = 120Watts

1000watts = 1KWP, which equals the 1 unit on electric meter.

So if light was on for 10 hrs , it be 10 x 120Watts = 1200 watts and if 1kwp cost 0.12p = then total cost will be 0.14p?

thanks

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