Meralco rates are Asia’s highest, as Freedom from Debt Coalition shows: industrial rates — South Korea, Japan,$0.051/kWh; Philippines (Meralco) highest, $0.128/kWh; Philippine residential rates $0.102/kWh, third highest $0.174/kWh as South Korea is $0.19 and Japan is $ 0.18/kWh. But Japan and South Korea’s Purchase Power Parity (PPP) is eight and five times higher, which really makes overall Philippine rates the highest in Asia. Other Asean industrial/residential rates: Hong Kong $0.139/$0.139; Singapore, $0.066/$0.13; Malaysia, $0.039/$0.085; Thailand, $0.032/$0.089; Vietnam $0.027/$0.077; China $0.061/$0.066; Indonesia, $0.015/$0.041. Our power rates are up to 20 times higher!
Read the whole thing. Kaya pala maraming small at medium sized businesses ang nagsasara na--dahil sa taas ng singil sa kuryente.
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