Tapo P110 - Matter smart plug calculating incorrect energy price
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I have bought 4 of these plugs and while they all work, the cost calculation in the app is incorrect. I have inputted the price as £0.29 the kWh is 0.187 which should be £0.05 in cost. Yet it shows £5.88?
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The new electricity rate will only be applied to the new-generated energy consumption (kWh) afterwards, the previous data still use the old electricity rate.
If the electricity rate has been changed, the formula to calculate your electricity bill is :
Cost = (kilowatt-hours) x (Old electricity rate)+ (kilowatt-hours) x ( New electricity rate)
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The new electricity rate will only be applied to the new-generated energy consumption (kWh) afterwards, the previous data still use the old electricity rate.
If the electricity rate has been changed, the formula to calculate your electricity bill is :
Cost = (kilowatt-hours) x (Old electricity rate)+ (kilowatt-hours) x ( New electricity rate)
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That makes sense, I have reset all the data for the plugs as a result. Also thanks for the calculation, I understand why as rates can be variable.
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