BAGUIO CITY The Benguet Electric Cooperative (Beneco) has lowered its electricity costs this month, thanks to a recent meeting of minds between the cooperative’s management and Team Phil. Energy Corp. (TPEC) to discover ways to lower monthly tariffs for users.
Beneco’s September rate of P9.6346 per kilowatt hour (kwh) has dropped to P9.2677/kwh this month, a decrease of P.3669/kwh. This means that residential customers who paid P936.46 for 100 kwh of power last month will now pay P927.70.
The key to the reduction, according to Melchor Licoben, was TPEC’s approval of Beneco’s request to revise the power supply contract, which tied generation costs to worldwide coal prices.
How can you figure out how much a kWh costs?
The price of power delivered by your electric provider is expressed in kilowatt-hours. Divide your total power bill, minus any taxes, by your total power consumption to get your kilowatt-hour rate.
Once you have that amount, you may use the formula below to figure out how much you pay for electricity.
Your power cost is $0.12 per kWh if your total monthly power bill is $327, your electricity taxes are $27, and your monthly power use is 2,500 kWh.
How do you figure out how much electricity you use?
Multiply the appliance wattage (kW or W) by the number of hours you use to get the energy consumption (kWh). For example, if you watch 300W TV for 4 hours every day, you will consume 1200Wh or 1.2kWh per day. The cost of use for one month is 1.2kWh x 30 days x 0.20 $/kWh = $7.20.
What is the price of Meralco per kWh?
In April 2022, Manila Electric Company (Meralco) tariffs surpassed P10 per kilowatt-hour (kWh).
Meralco increased its rates by P0.5363 to P10.1830 per kWh for the second month in a row. Meralco’s rates last broke through the P10 barrier in June of this year.
The adjustment equates to price hikes for households that consume the following items:
Due to increasing prices from independent power producers (IPPs) and the spot market, Meralco stated the generation charge increased by P0.3987 to P5.8724 per kWh.
The generation fee would have been greater if the Energy Regulatory Commission (ERC) order instructing suppliers to delay sections of their generation costs, totaling P945 million, had not been in place, according to the power distributor.
In addition, Meralco was instructed by the ERC to defer P300 million in generation expenses, lowering the rise by nearly 11 centavos per kWh. Over the next three months, the delayed fees will be billed in three installments.
Due to the scheduled repair of the Quezon Power Plant till March 24, and higher fuel prices of First Gas-Sta. Rita due to limited supply from Malampaya, IPP tariffs increased by P1.4885 per kWh in April. The devaluation of the peso, according to Meralco, also led to higher IPP expenses.
The WESM (Wholesale Electricity Spot Market) tariffs remained high in March due to a lack of supply in the Luzon system.
Meanwhile, due to the postponement of generation expenses, charges from power supply agreements (PSAs) were lowered by P0.1068 per kWh.
WESM supplied 17.4 percent to Meralco’s April bill, while IPPs and PSAs delivered 31 percent and 51.6 percent of Meralco’s energy requirements, respectively.
Meralco anticipates increased generation rates in the coming months due to the dry season’s rising temperatures.
How do I figure out how much electricity I’ll use at home?
The number of units of power used by your family in a billing period, which is normally one month, is used to calculate your electricity usage. The number of units utilized at any given time is displayed on your power meter outside your home. Typically, the reading represents the total usage since the installation date.
Meter reading is done in Pakistan by a variety of meter readers who are assigned to different parts of cities. The date of the meter reading/checking is usually printed at the top of the electric bill. The current billing month, issue date, and due date are all mentioned on the top of the page.
Please keep in mind that the computerized version of the bill, also known as the WAPDA online bill, is usually available a few days before the printed form is delivered to households.
To ensure that there are no discrepancies, it is recommended that the electricity use reported on the statement be verified by checking the meter yourself around the typical meter reading date for your residence. Notify your subdivision officer (SDO) at the local electric supply office if you observe a considerable disparity between the actual and reported values. Your SDO’s contact information can also be found on your electric bill.
Additionally, if you detect an increase in your unit use or electricity bill, compare it to the same months the prior year. This information can be seen in your electricity bill’s billing history columns.
A meter reader subtracts the current month’s reading from the previous month’s recorded reading to compute a household’s monthly unit consumption. All WAPDA utility invoices printed in Pakistan include the current and prior month’s units.
The number of units utilized is the key factor of the electricity bill (in Pakistan). The Price Build-Up is calculated using the following charges and rates:
- Charges That Vary (Slabs)
- 201300 units at Rs. 10.20 each;
- 301700 units at Rs. 15.45 each;
- Above 700 units, the price per unit is Rs. 17.33.
- rs. 0.00 per unit, 201300
- Rs. 0.55 per unit, 301700
- Rs. 0.67 per unit above 700
- Rent of Rs. 15.00 per meter
- Electricity Duty (Domestic & Industrial: 1.5 percent each, Commercial: 2 percent, Bulk: 2 percent, and Agricultural: 1 percent of variable charges)
- Sales Taxes in General (roughly 17 percent of the gross amount)
- Fee for a television license (in action since the start of 2010, all TV users are expected to pay Rs. 35 & 60 per Television set if they are domestic and commercial respectively.)
- Charges at the Bank (minimum of Rs. 8.00)
Important to note:
- The numbers 1 and 2 refer to the number of units utilized.
- Domestic, commercial, industrial, and other users are classified using numbers 4 and 5. Applied to Gross Amount, which is determined by the number of units produced.
What is the formula for calculating a bill reading meter?
You can figure how much your electricity bill should be by conducting your own reading. One of three types of meters will be installed in your home:
Analogue (dial) meter
Let’s look at how to get the reading from each type of meter before we show you how to calculate your energy usage.
Your electricity is measured in kilowatt-hours by your meter (kWh). One unit equals one kilowatt-hour. Your statement will usually include a cost per unit, which will come in helpful later when we break down the equation for you.
You’ll normally observe five separate dials while dealing with a dial meter. Use the number that was recently passed if the dial is between two numbers. Only read a number if the dial to its right has passed zero.
You’re undoubtedly curious as to what these statistics imply. They are, after all, symbols for the quantity of energy you consume. The more energy you use, the faster your dial will turn, raising the number on the dial. Consider it like the number of miles on your car’s dashboard. The more miles you travel, the more miles will appear on your dashboard. When it comes to reading your meter, the same principle applies.
Digital and smart meters are far more user-friendly and straightforward. You simply need to take note of the first five figures displayed on a digital meter. If, after the first five numbers on your meter, you observe a group of numbers that starts with 0.1, ignore them.
You can compute how much electricity you’ve used since your last electricity payment after you get your meter reading. To do so, locate your most recent electric statement and look at the reported reading. You’ll then deduct your current reading from the previous month’s reading. The total quantity of kWh you’ve used since your last meter reading is the outcome.
The reading on your meter will never be reset to zero. The number on your meter shows the number of kilowatt hours consumed since the meter was installed. As a result, this number will continue to rise, making it critical to compare your meter readings every month.
Energy companies may bill you based on an estimate created from your home’s historical use, which means you may be charged a higher bill simply because individuals who previously lived in your home utilized a lot of energy.
You’ll also need to know how much your utility company costs per kilowatt hour and if your account includes any fixed fees to compute your bill. You’ll be ready to go after you have that information plus the total quantity of kWh utilized since your last meter reading.
You’ll then multiply this figure by the kWh rate your electricity company charges, as well as any set costs.
- meter reading at the moment Last month’s bill meter reading = Total kWh used since the last reading
- Total energy charge = Total kWh utilized since the last reading x Charge per kWh
- Final bill = total energy charge + fixed monthly fees
The equation above will assist you in keeping track of your energy usage. It’s a simple activity that, if completed, can help you save money on a monthly basis. If you care about the environment, you shouldn’t have to pay a hefty energy bill. Calculating it yourself will put an end to your exorbitant bill.
What is the formula for calculating kWh per hour?
A kilowatt-hour, abbreviated kWh or kWh, is a unit of energy equal to 1,000 watts of power during a one-hour period. To convert watts to kilowatt-hours, first multiply the wattage by the number of hours, then divide by 1,000.
In the Philippines, how is an electrical bill calculated?
How to figure out how much electricity is used in the Philippines. For the current month’s power consumption, subtract your current reading from last month’s reading (whatever sort of meter you used). Multiply it by current per-kWh electricity prices to get your electricity costs.
In Meralco 2021, how much is a kilowatt-hour?
The Energy Regulatory Commission (ERC) granted $9 billion in distribution-related charges in early 2021. This equates to a P0. 2761 per kWh rate refund for residential consumers, which will take effect in March 2021.
In the Philippines, how many kWh does a house use each day?
In 2015, the average household power consumption in the country was around 248.1 kilowatt hours, with electricity being largely utilized for lighting, cooking, recreation, and space cooling. In the Philippines, electricity is still the most widely used energy source.