Do My Fellow Filipinos Understand the ECONOMIC WHY Behind High Electricity Rates?
Yes, it's official, and it's sad. Recently, the Philippines has had the highest electricity rate in Asia. Right now, I feel like that, even as a casual blogger, I still feel the need to react to current events. After all, this is a business and economics perspective blog . Now, going back to the topic, the Philippine Star (the blatant source of the picture above addresses the issue. The blow was even felt in the Visayas, with Southern Leyte Electric Cooperative recording the highest on-grid residential rate at P16.57 per kilowatt hours (kWh), 32 percent up from a month ago’s P12.53 per kWh. Manila Electric Co., the country’s biggest power distribution utility that serves Metro Manila and nearby provinces, was also among the top distribution utilities with high rates. In June, its residential rate reached P14.48 per kWh. It's annoying, but social media comments can show downright economic ignorance As always, I will not directly shame people, but their comments . In fa...