Electricity Cost Formula:
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Definition: This calculator estimates the electricity cost based on energy consumption in kilowatt-hours and the current cost per kWh in the Philippines.
Purpose: It helps households and businesses estimate their electricity bills based on their power consumption.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the current rate per kWh to calculate the total electricity cost.
Details: Understanding electricity costs helps in budgeting, energy conservation, and comparing different electricity providers or plans.
Tips: Enter your energy consumption in kWh and the current rate per kWh (default 11.43 ₱/kWh, the average rate in the Philippines). All values must be > 0.
Q1: What's the average electricity rate in the Philippines?
A: As of 2023, the average rate is about 11.43 ₱/kWh, but this varies by region and provider.
Q2: Where can I find my exact kWh rate?
A: Check your latest Meralco (or other provider) bill for your exact rate per kWh.
Q3: Does this include taxes and other charges?
A: The default rate is an all-in average. For precise calculations, use the exact rate from your bill which includes all charges.
Q4: How can I reduce my electricity costs?
A: Consider energy-efficient appliances, LED lighting, and reducing usage during peak hours.
Q5: Why does the rate vary?
A: Rates change due to fuel costs, generation mix, foreign exchange rates, and government taxes.