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BILLS Electricity Bill Water Bill Telephone Bill Retrieved from: https://www.pinterest.com/pin/393924298630157537/
Electricity Bill Meter reading is in kilowatt/hour (kWh) In Trinidad: It is paid every 2 months Types of charges: Residential (Rate A) Commercial (Rate B) Miscellaneous Meter reading is in kilowatt/hour (kWh) Readings: Previous, Present Arrears: Payment or debts that are outstanding and due. Current Billing: kWh Consumption Charge = unit x rate Customer Charge Fuel charge/ Energy charge (in some countries) = units x fuel/energy rate Other Charges and Adjustments Subtotal: kWh Consumption charge + Customer charge + Other charges VAT 15% of Subtotal
Divide by 1000 1 kW = 1000W 1 kWh = 1000Wh 1 kWh = 1 unit Conversion To convert from W to kW: Divide by 1000
No. of units used = Present – Previous = 3218 – 1718 = 1500 Example 1: Example 2: No. of units used = Present – Previous = 3218 – 1718 = 1500 On the first 50 units used = 50 x 0.15 = $7.50 On the next 50 units used = 50 x 0.12 = $6.00 On the next 200 units used = 200 x 0.08 = $16.00 On the REMAINING 1200 units used = 1200 x 0.06 = $72.00 Total Payment = $ 7.50 + $6.00 + $16.00 + $72.00 = $ 101.50 1500 – 50 1450 – 1400 – 200 1200
Water Bill It is a fixed amount paid per quarter (every 3 months). Otherwise, the bill depends on the number of cubic meters of water used. Account Statement Arrears Current Charges
Subtotal = $25 + $6 + $15 (Service charge) = $46 VAT = 15% of $46 Example 1: No. of units = 26 m3 On the first 20 m3 = 20 x $1.25 = $25 On REMAINING 6 m3 = 6 x $1.00 = $6 Subtotal = $25 + $6 + $15 (Service charge) = $46 VAT = 15% of $46 = $6.90 Total = $46 + $6.90 = $52.90 26 – 20 6
Telephone Bill It is paid monthly. Varying charge depends on the distance and the duration for calls made. Cost of calls depends on local or foreign calls. Peak time/ Off time Standing charge for rental of the telephone. VAT is included.
Example 2: Subtotal = $61.50 + $85.80 + $37.10 + $35 (Monthly rental) = $219.40 VAT = 15% of $219.40 = $32.91 Total = $219.40 + $32.91 = $252.31 Boston [ Total duration of calls = 12 mins] On first 3 mins = $15.60 On REMAINING 9 mins = 9 x $5.10 = $45.90 Total for Boston = $15.60 + $45.90 = $61.50 Toronto [ Total duration of calls = 15 mins] On first 3 mins = $17.40 On REMAINING 12 mins = 12 x $5.70 = $68.40 Total for Toronto = $17.40 + $68.40 = $85.80 Miami [ Total duration of calls = 9 mins] On first 3 mins = $12.50 On REMAINING 6 mins = 6 x $4.10 = $24.60 Total for Miami = $12.50 + $24.60 = $37.10
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