I got a Kill-a-watt recently because I was curious how much wattage various pumps/lights were actually using.
The manufacturers spec is often wrong and not a good basis for calculation based on the information I have gathered.
For example, my skimmer recirculation pumps (Ocean Runner 3700s) are rated at 65 watts each.
With Mesh Mods and the water level at only 50% of my normal height they actually draw 25W each.
When I raise the water level to operating height, they actually draw 72W.
Changing the water level by as little as 1" (at the top of the range) can drop them by 1-2W each.
Without accounting for AC, I estimate I am using about $80/month on electric based on actual draw from the devices I have measured.
Electric rates also vary from peak use to non-peak use times, so running the lights later, may drop you into a cheaper bracket.