The study had shown that with average retail rate of electricity of 18.1 US cents per kilowatt/hour in the Philippines, it has eased out Japan at the top of having the most expensive electricity in Asia. As of the same month last year, electric rates in Japan were at 17.9 US cents per...
VELASCOThe Philippines has been listed as having the third highest electricity rates in the world, next to Turkey and Japan, because of existing cross-subsidies embedded in them.Based on data compiled by the Manila Electric Company (Meralco), the countrys power rates for industries at close to...