Electricity Cost Formula:
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Definition: This calculator estimates your Meralco electricity bill based on energy consumption, electricity rate, and additional charges.
Purpose: It helps consumers and businesses estimate their monthly electricity expenses and budget accordingly.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the rate per kWh, then fixed charges are added to get the total bill amount.
Details: Accurate estimation helps with budgeting, identifying potential savings, and understanding your electricity consumption patterns.
Tips: Enter your energy consumption in kWh, electricity rate (default 9.50 PHP/kWh), and other charges (default 50.00 PHP). All values must be ≥ 0.
Q1: Where can I find my energy consumption (kWh)?
A: Check your previous Meralco bill or your electricity meter reading.
Q2: What's the current Meralco rate per kWh?
A: Rates vary monthly. Check Meralco's website for current rates (default is 9.50 PHP/kWh).
Q3: What are included in "Other Charges"?
A: These include fixed charges, taxes, system loss charges, and other fees from Meralco.
Q4: Does this include VAT and other taxes?
A: The calculator includes all charges when you input the correct rate and other charges values.
Q5: How accurate is this calculator?
A: It provides a close estimate, but actual bills may vary slightly due to rounding and exact rate computations.