Showing posts with label asia electricity. Show all posts
Showing posts with label asia electricity. Show all posts

Philippines high electricity price is keeping foreign investors


Energy Intelligence For Asia

The high cost and sketchy reliability of electricity supplies in the Philippines are now the main deterrents to investing in the country, according to foreign business leaders who see the problem as a persuasive reason to invest elsewhere. In addition, the power grid network also needs enhancements to avoid regular rolling blackouts and the government is working on adding more capacity and acknowledged that it needs to add around 1,000 MW of new generating capacity every year between now and 2030 if it is to overcome the country energy crisis.

The Philippines are the only country in South-East Asia that does not subsidize electricity companies and the generating capacity per capita is also relatively low – roughly 5 times lower than Malaysia and Thailand.  The Philippines electricity prices at cost of 18.2 USc/kWh for industrial supply in 2012 are some of the highest in Asia and then considering GDP per capita of US$2,600, the prices become prohibitive.