Electricity Cost Formula:
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This calculator helps you determine how much your electrical appliances cost to run based on their power consumption (watts), usage time (hours), and your local electricity rate (PHP/kWh). It's particularly useful for Philippine households and businesses to estimate their electricity bills.
The calculator uses the following formula:
Where:
Explanation: The formula first converts watt-hours to kilowatt-hours (kWh) by dividing by 1000, then multiplies by the cost per kWh to get the total cost.
Details: In the Philippines, electricity rates vary by region and provider (Meralco, VECO, etc.), typically ranging from PHP 8 to PHP 15 per kWh. The calculator uses PHP 12/kWh as default, which is close to the Meralco residential rate as of 2023.
Tips:
Q1: How do I find my appliance's wattage?
A: Check the label, manual, or manufacturer's website. Alternatively, use a wattmeter for precise measurement.
Q2: What's the average electricity rate in the Philippines?
A: Rates vary but average around PHP 10-12/kWh for residential customers, with higher rates in some areas.
Q3: How accurate is this calculator?
A: It provides estimates. Actual bills may vary due to tiered pricing, taxes, and other charges.
Q4: Can I use this for solar panel calculations?
A: Yes, to estimate savings, but account for system efficiency (typically 70-80% of rated output).
Q5: Why does my actual bill differ from the calculation?
A: Bills include fixed charges, taxes, and may use tiered pricing where rates change with consumption levels.