Electric Cost Formula:
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Definition: This calculator estimates the cost of electricity based on energy consumption in kilowatt-hours (kWh) and the cost per kWh.
Purpose: It helps consumers and businesses understand and predict their electricity expenses.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the cost per unit to get the total electricity cost.
Details: Accurate cost estimation helps with budgeting, comparing electricity providers, and identifying potential energy savings.
Tips: Enter your energy consumption in kWh and the cost per kWh (default 0.12 ₱/kWh). All values must be > 0.
Q1: Where can I find my kWh consumption?
A: Check your electricity bill or smart meter - it's typically listed as "kWh used" or "units consumed."
Q2: How do I find my cost per kWh?
A: This is listed on your electricity bill under "rate" or "price per kWh." It may vary by time of day or usage tier.
Q3: Does this include taxes and fees?
A: No, this calculates base cost only. Add 10-20% to account for taxes, delivery charges, and other fees.
Q4: Can I use this for different currencies?
A: Yes, simply use your local currency symbol and rate (e.g., $0.15/kWh for US dollars).
Q5: How can I reduce my electric costs?
A: Consider energy-efficient appliances, LED lighting, and reducing standby power consumption.