Electricity Cost Formula:
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Definition: This calculator estimates electricity costs based on energy consumption and the current rate per kilowatt-hour (kWh) in the Philippines.
Purpose: It helps households and businesses estimate their monthly electricity expenses based on their meter readings.
The calculator uses the formula:
Where:
Explanation: The energy consumption is multiplied by the current electricity rate to calculate the total cost.
Details: Understanding your electricity costs helps with budgeting, identifying high consumption periods, and evaluating energy-saving measures.
Tips: Enter your energy consumption in kWh (from your meter) and the current electricity rate (default 9.50 PHP/kWh). All values must be > 0.
Q1: What's the average electricity rate in the Philippines?
A: As of 2023, rates typically range from 8.50 to 11.00 PHP/kWh depending on your area and distribution utility.
Q2: How do I find my energy consumption?
A: Check your electric meter - subtract last month's reading from current reading to get kWh used.
Q3: Does this include all charges on my bill?
A: No, this calculates the generation charge only. Actual bills include distribution, transmission, taxes, and other fees.
Q4: Why is my actual bill higher than this calculation?
A: Your bill includes additional charges like system loss, metering, subsidies, and taxes that aren't included here.
Q5: How can I reduce my electricity costs?
A: Use energy-efficient appliances, turn off unused devices, maintain AC filters, and consider solar options.