Electricity Cost Formula:
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Definition: This calculator estimates the electricity cost per hour based on power consumption in kilowatts and the local electricity rate in the Philippines.
Purpose: It helps households and businesses estimate their electricity expenses for appliances and equipment.
The calculator uses the formula:
Where:
Explanation: The power consumption is multiplied by the electricity rate to determine the cost per hour of operation.
Details: Accurate cost estimation helps in budgeting, comparing appliance efficiency, and making informed decisions about energy usage.
Tips: Enter the appliance's power consumption in kW and the current electricity rate (default ₱9.75/kWh). All values must be > 0.
Q1: What's the current electricity rate in the Philippines?
A: As of 2023, rates average ₱9.75/kWh but vary by provider and location. Check your Meralco bill for exact rates.
Q2: How do I find my appliance's power consumption?
A: Check the appliance label or manual for wattage, then divide by 1000 to get kW (e.g., 1500W = 1.5kW).
Q3: Does this include all charges on my bill?
A: No, this calculates only energy consumption. Your actual bill includes additional fees and taxes.
Q4: How can I reduce my electricity costs?
A: Use energy-efficient appliances, turn off unused devices, and consider using appliances during off-peak hours.
Q5: Can I calculate daily/monthly costs with this?
A: Multiply the hourly cost by hours used per day or month for extended estimates.