Electricity Cost Formula:
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Definition: This calculator estimates the electricity cost per hour based on power consumption in kilowatts and the cost per kilowatt-hour 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 get the cost per hour of operation.
Details: Understanding electricity costs helps in budgeting, comparing appliance efficiency, and managing energy consumption.
Tips: Enter the appliance's power consumption in kW and the current electricity rate (default ₱8.00/kWh). All values must be > 0.
Q1: What's the average electricity rate in the Philippines?
A: As of 2023, rates typically range between ₱8.00 to ₱12.00 per kWh depending on the area and provider.
Q2: How do I find an appliance's power consumption?
A: Check the nameplate or manual for wattage rating, then divide by 1000 to get kW (1 kW = 1000W).
Q3: Does this include all electricity charges?
A: This calculates only the energy charge. Actual bills may include 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 result by hours used per day or month to estimate longer-term costs.