Abstract: A system is provided for determining and displaying the cost of consuming power comprising an appliance including one or more power consuming functions wherein each of the one or more power consuming functions includes an associated power consumption amount. The system further provides a home energy management system (HEM) including a controller in communication with the appliance and configured to provide the HEM with the associated power consumption amount of each of the one or more power consuming functions. The controller is in signal communication with an associated utility, wherein the controller receives and processes a signal from the associated utility indicative of current cost of supplied energy. The controller being configured to convert the current cost of supplied energy into a power consumption cost of the associated power consumption amount of the one or more power consuming functions.