POWER RATE IN THE PHILIPPINES IS AMONG THE MOST EXPENSIVE IN THE WORLD!
In case you are wondering why the Philippines is being left behind, read this one by Herman Tiu Laurel:
The following are the latest comparative power rates in Asia, culled by the National Association of Electricity Consumers for Reforms (Nasecore) in US$/kWh terms, which we presented in our recent Global News Network (GNN) program on the subject, “Meralco Caught Overcharging Again:”
Kuala Lumpur 0.06
One of our other guests, former Quezon City Mayor Jun Simon, also culled some additional figures (in US$) from his siblings in North America:
Los Angeles 0.11
If you are already incensed at the gross disparity, wait till you learn that power rates in the Manila Electric Co. (Meralco) franchise
area (at P11.98 per kWh) are much higher than those of rest of the country — from Iligan’s P6 per kWh; Cagayan de Oro’s P8; Misamis Oriental’s P7; Cebu’s P7; to Javier, Leyte’s P5.
And it still keeps going up!! Paging the government.