Electricity Cost Formula:
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Definition: This calculator estimates electricity costs based on energy consumption and Meralco's 2024 rate per kilowatt-hour.
Purpose: It helps consumers 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 rate per kWh to calculate the total electricity cost.
Details: Accurate cost estimation helps with budgeting, energy conservation decisions, and comparing different rate plans.
Tips: Enter your energy consumption in kWh and the electricity rate (default 11.0 ₱/kWh based on Meralco 2024 rates). All values must be > 0.
Q1: What are current Meralco rates?
A: As of 2024, Meralco rates typically range between 10-12 ₱/kWh depending on consumption bracket and other factors.
Q2: Where can I find my exact kWh rate?
A: Check your latest Meralco bill for the exact rate, which includes generation, transmission, and distribution charges.
Q3: Does this include taxes and other charges?
A: This calculates base cost only. Actual bills include VAT, system loss charges, and other fees.
Q4: How do I find my energy consumption?
A: Check your electricity meter readings or look at your previous bills for kWh consumption data.
Q5: Why do rates vary?
A: Rates change monthly based on generation costs, foreign exchange rates, and fuel prices.