Philippines has highest electricity rates in Asia
The Philippines has the most expensive electricity in the whole of Asia.
The new record was reported by Meralco to the power and energy committee of the Philippine Chamber of Commerce and Industry.
Meralco based the onformation on a study made last October by the International Energy Consultants, an independent think-tank which allowed the power distributor to borrow the result of said study.
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 kilowatt/hour.
Besides Japan, subjected to the study were the utility companies in Thailand, Malaysia, South Korea, Taiwan, Singapore and Indonesia.