Thursday 16 August
Powered by Ajaxy
Aug 28, 2017 @ 14:05

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.

Tags: , , , , , ,

Related Stories
Billionaire former New York mayor Michael Bloomberg on Tuesday gave a trio of anti-tobacco crusaders
Will this be released to the market amid supply problems?
SM Investments Corp. has returned to the negotiating table with the Yee family this time
Thailand will lose more than half a million Chinese tourists in response to a deadly


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.