Yep, if you look at the stats in your electrical bill, you will see a "kilowatt-hour" charge....
Last time i looked at mine, it was 18cents per kilo-watt-hour, which means you can use 1kilowatt (1,000 watts) of power for 1 hour and it only costs 18cents.....(fee's vary with peak and off-peak discounts too).
Since a pinny uses substantially LESS than 1,000watts, your figures of 8-10cents seem more quite accurate.
On another note, as a nuffer who fills my lawn with xmas lighting each year...people often comment "gee, that must skyrocket your electricity bill" and i just laugh, because i worked out that *IF* i left all my xmas lights on 24/7 for the entire 2-3 weeks of december/xmas season, it's cost me an absolute maximum of $300 !!
However, since my lights are only on 3 hours per night, over 3 weeks roughly, it only costs $40 max....
Hope that helps...
MM.