One conversion I read is that 15 amps X 120 = 1,800 watts.
True in simple terms but there are other factors that come into play. Depending on the type and load placed on the branch circuit can effect the total amount of power, watts/VA that may be available. Just one example would be the voltage drop on the branch circuit caused by the amount of load placed on it.
Using your your formula amps X volts if the voltage drop on the branch circuit was say 5 volts then the total available power, watts, would be 15 amps X 115 volts = 1725 watts. Again in simple terms.
So, the first question is: If you plug a surge protector/power strip/power conditioner into one outlet in the duplex receptacle and then plug, say, four audio components into that "power strip" can they draw the full complement of AC power available..........?
Yes, provided no other loads are connected to the same branch circuit.
If you plug another component into the other outlet does it reduce the power available to the "power strip"?
The branch circuit ampacity rating is determined by the overcurrent device, breaker in this case, feeding the branch circuit. If the breaker is working properly when a continuous load reaches the breaker handle rating the breaker should trip open. Key word should.
Depending on the branch circuit wire size, # 14awg is the minimum size for a 15 amp branch circuit, and the total length of the branch circuit wire plus the total connected load will determine the voltage drop on the line.
In other words if the branch circuit length is long, as a continuous load of say 15 amps is approached the voltage drop could be sufficient to effect the sonics of your audio system....
Again in simple terms.
Some food for thought, in the case of a power amp, the load placed on the AC line can be fluctuating depending on the dynamic demand that is being placed on the amp. You could very well have spikes well above the 15 amp rating of the branch circuit breaker.
Simple terms? Throw in inductance, capacitance, harmonics, and what ever else that may be thrown into the mix and the whole thing changes.
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Check out what this
EE has to say about power cords.
Some of Jon's explanations can also be extended to the size of the conductor, wire, used for a branch circuit run when it comes to voltage drop on the line due to the load placed upon it by the power supply/s of audio equipment.