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Understanding the tiered electricity pricing and how to calculate your electricity bill will help you manage your expenses more effectively. Detailed information about the 2024 electricity pricing table and how to calculate your monthly electricity consumption charges will be shared by Mytour below.
2024 Residential Electricity Pricing Table
Currently, the average retail electricity price is 2,006.79 VND/kWh (excluding VAT), reflecting a 4.5% increase compared to previous rates.
2024 Tiered Electricity Pricing Table
The tiered residential electricity pricing is based on the household's electricity consumption. According to the latest regulations, the 2024 electricity pricing table consists of 6 tiers, with prices increasing in line with the amount of electricity consumed. The details are as follows:
How to Calculate Monthly Electricity Bill Based on the New Pricing Table
To calculate the monthly electricity bill for household use, follow these steps:
Step 1: Calculate the amount of electricity consumed
The formula to calculate electricity consumption cost: A = P x t
Example: If you use an air conditioner with a power of 0.9 kW for 8 hours each day, the total electricity consumption for one month (30 days) will be:
A = 0.9 x 8 x 30 = 216kWh
Step 2: Calculate the electricity cost by tier
Residential electricity rates are calculated by tier. You need to apply the calculation formula for each tier.
Example: If your family consumes a total of 216 kWh in a month, the electricity cost will be calculated as follows:
=> Total electricity cost before tax: 90.300 (Tier 1) + 93.300 (Tier 2) + 216.700 (Tier 3) + 43.664 (Tier 4) = 443.964 VND.
If you're still unsure about how much electricity each device in your home uses every month, you can refer to the simple and accurate method for calculating monthly electricity consumption shared previously by Mytour.
With the details about the 'electricity rates for 2024' above, you can easily calculate and estimate your household's monthly electricity expenses, helping you save costs effectively.
