The truism that energy efficiency is the cheapest form of power undoubtedly resonated louder among more business firms last February when the Philippines gained the unpleasant reputation as the country with Asia’s most expensive power rates.
That citizens of a nation with a per capital GDP of just $3,700 in 2010 should pay more for electricity than Singapore, Asia’s wealthiest with a per capital GDP of $57,000, is a stern indictment of Philippine power producers. It again sheds a disquieting light on the government’s perplexing inability to ease the plight of power consumers, both residential and commercial.
