Electricity Cost Formula:
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Definition: This calculator estimates the electricity cost based on energy consumption in kilowatt-hours (kWh) and the current electricity rate.
Purpose: It helps consumers and businesses in the Philippines estimate their electricity bills based on Meralco or other provider rates.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the current electricity rate to calculate the total cost.
Details: Accurate cost estimation helps with budgeting, comparing providers, and identifying potential energy savings.
Tips: Enter your energy consumption in kWh and the current electricity rate (default ₱11.00/kWh for Meralco). All values must be > 0.
Q1: Where can I find my kWh consumption?
A: Check your monthly electricity bill or your electric meter readings.
Q2: What's the current Meralco rate?
A: As of 2023, Meralco rates average around ₱11.00/kWh but vary monthly. Check their website for current rates.
Q3: Does this include taxes and other charges?
A: No, this calculates base cost only. Actual bills include VAT, distribution charges, and other fees.
Q4: How can I reduce my electricity costs?
A: Use energy-efficient appliances, turn off unused devices, and consider solar options.
Q5: Does this work for other providers?
A: Yes, just input the appropriate rate for your provider (e.g., VECO, Davao Light).