Electricity Cost Formula:
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Definition: This calculator estimates electricity costs based on energy consumption in kilowatt-hours (kWh) and the current Meralco rate per kWh.
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: Understanding electricity costs helps with budgeting, energy conservation efforts, and comparing appliance efficiency.
Tips: Enter your energy consumption in kWh and the current Meralco rate (default 11.0 ₱/kWh). All values must be > 0.
Q1: What's the current Meralco rate?
A: As of 2024, rates typically range between 10-12 ₱/kWh, but check your bill for the exact rate.
Q2: How do I find my energy consumption?
A: Check your electric meter readings or look at your previous electricity bills for kWh usage.
Q3: Does this include all charges on my bill?
A: No, this calculates only the generation charge. 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: Why does my actual bill differ from this calculation?
A: Bills include fixed charges, taxes, and may have tiered pricing or time-of-use rates not accounted for here.