PH power rates highest in Southeast Asia
The Philippines still ranks as one of the highest electricity rates in Southeast Asia in 2016, based on the Energy department’s latest Power Development Plan 2017 to 2040.
The country’s rates are at par with Singapore’s, according to the report. Both countries have rates of P5.84 per kilowatt-hour (kwh) for industries.
However, the Philippines has the highest rates for commercial and household at P7.49 per kWh and P8.90 per kWh, respectively.
The agency pointed to the lack of government subsidies as the main reason for ranking the highest in the region.
“Thailand, Indonesia, and Malaysia arguably have subsidies. In addition, taxes, fees, and other charges are also levied on the power industry sectors composed of the generation, transmission, and distribution levels which constitute a portion on electricity rates in the Philippines,” the DOE said.