Cost Calculation 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.
Purpose: It helps consumers and businesses estimate their electricity expenses for appliances or equipment.
The calculator uses the formula:
Where:
Explanation: The power consumption is multiplied by the electricity rate to get the hourly cost.
Details: Understanding electricity costs helps in budgeting, comparing appliance efficiency, and managing energy consumption.
Tips: Enter the appliance/equipment power in kW and the electricity rate (default 11.43 ₱/kWh for Philippines). All values must be > 0.
Q1: What's the current electricity rate in the Philippines?
A: As of 2023, the average rate is about 11.43 ₱/kWh, but this varies by provider and location.
Q2: How do I find my appliance's power consumption?
A: Check the nameplate or manual for kW rating, or use a wattmeter to measure actual consumption.
Q3: Does this include all electricity charges?
A: This calculates only the energy charge. Your bill 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 time-of-use rates if available.
Q5: Is the rate the same throughout the day?
A: Some providers have time-of-use rates with different prices for peak/off-peak hours.