It's interesting to understand what your electricity bill tells you.
Your bill is based on the tariff rate applied to the amount of energy you consume. Tariffs rate could be 50 cents per kWh or tiered.
If we start from the source, homes are supplied with AC (alternating current) at 110V or 220V, depending on the country. If you have solar panels, these generate DC (direct current), which is inverted into AC. AC systems have impedance, which includes resistance and reactance (conductance, inductance).
Each appliances in your home that needs electricity has resistance. Those with lower resistance like air conditioners will draw more current. Incandescent bulbs draw more current than LEDs.
Current (I) is calculated using Ohm’s Law V=IR (or I = V/R). For accuracy Z will represent impedance and the lengthy calculation has cos theta but for simplicity we remain with V=IR
Once you have voltage and current, you can then calculate power, P=VI which gives you in watts (1 horsepower is about 745 watt). To convert watts to kilowatts, divide by 1000.
Energy is how much power you consume over a certain time frame (kWh). This is what your electricity bill is based on, Energy = power x time.
You can then calculate your damage for the month by multiplying energy to the tariff allocated.
Other stuff that might be interesting is that your home circuit is typically parallel circuits, which allows each appliance to receive the same voltage. Circuit breakers protect the system if the current is too high.
I recently had a high spike in the bill so I tried testing the power points if there was a surge, and went to test most of the equipment. And eventually used a clamp meter to test the main panels one by one and found the culprit.
I know this is probably your middle school learning, i taught my nephews this just last year. But it is interesting nevertheless