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The electrical power, P is defined as the rates of energy that supply to the circuit ( or the rates of work been done ) by sources of electric. One watt of power equals the work done in one second by one volt of potential difference in moving one coulomb of charge. In a series circuit, the higher the resistance of a resistor, the higher the power of the resistor. In a parallel circuit, the higher the resistance of a resistor, the lower the power of the resistor.
The effective power in a series circuit is equal to the sum of the power of each resistor in the circuit.
The effective power in a parallel circuit is also equal to the sum of the power of each resistor in the circuit.
The cost of electricity consumption is based on the number of kilowatt-hours (kWh) of electrical energy used. Events that happened over a decade ago in California still provide insights into what could trigger consumers to cut back their energy use today.
A paper in the RAND Journal of Economics explores how the energy crisis affected energy consumption at the household level.

The researchers from Stanford University and the University of Pennsylvania report that, after the price spike, household energy consumption dropped about 13% in 60 days.
During this 60-day timeframe, it is unlikely that consumers were able to invest in more energy efficient products. After prices were regulated, wholesale electricity prices greatly exceeded retail prices, prompting calls for energy conservation. Consumption dipped dramatically following a rolling blackout that affected 41,000 customers. Our homes, businesses and industries use huge amounts of energy that we must try to shrink if we are to live sustainably.
Prices rose from 10 cents per kilowatt-hour (KWh) to over 23 cents per KWh in a three month period. California spent $65 million on a conversation campaign, in conjunction with nightly news coverage on the crisis.
Although it was near impossible to check if a neighbor was actually conserving energy, data imply that everyone conserved and did not simply free ride on their neighbors’ reduced energy use. In response, people immediately cut back their energy consumption but the government stepped in and capped the price.

Yet, when legislators in California secured a price cap by early September, just as quickly as household consumption decreased, it increased once again.
Although public appeal campaigns resulted in a decrease in energy, the decrease was not as great as the initial response to the price spike.
This illustrates that behavioral changes, when prompted by a change in price, are possible and can substantially reduce demand. This implies that, although it might be unpopular, price provides the most effective path to energy conservation. Even after a public appeals campaign, price incentives worked much better at achieving sustained energy conservation.

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