Power consumption in kilowatt-hours equals watts times hours of use divided by 1,000. A 100 W device running 24 hours a day uses 100 × 24 ÷ 1,000 = 2.4 kWh per day. Over a 30-day month that is 72 kWh, and over a year about 876 kWh. At a $0.17/kWh rate, that one device costs roughly $149 a year. The calculator above computes daily, monthly, and yearly energy plus annual cost from three inputs.
The reason this matters: your electric bill is billed in kilowatt-hours, not watts. Watts measure the rate of power draw; kilowatt-hours measure energy used over time. A 1,500 W space heater sounds alarming, but run only 2 hours it uses 3 kWh — less than a 100 W device left on all day. Time on is often more important than wattage.