Electricity Cost Formula:
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Definition: This calculator estimates the electricity cost based on energy consumption in kWh and the current electricity rate in PHP/kWh.
Purpose: It helps Filipino households and businesses estimate their monthly electricity expenses.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the current electricity rate to calculate the total cost.
Details: Accurate estimation helps with budgeting, identifying high consumption periods, and planning energy-saving measures.
Tips: Enter your energy consumption in kWh and the current electricity rate (default 9.50 PHP/kWh). All values must be > 0.
Q1: What's the average electricity rate in Philippines?
A: As of 2023, rates typically range from 8.00 to 12.00 PHP/kWh depending on your area and provider.
Q2: Where can I find my energy consumption?
A: Check your monthly electricity bill or your electric meter's kWh reading.
Q3: Does this include taxes and other charges?
A: No, this calculates base cost only. Actual bills include taxes, distribution charges, and other fees.
Q4: How can I reduce my electricity bill?
A: Use energy-efficient appliances, turn off unused devices, and consider solar options.
Q5: Why is my actual bill different from this calculation?
A: Actual bills include tiered pricing, VAT, system loss charges, and other distribution fees not accounted for here.