It still stumps me to be living in a country with one of the highest power rates in the world. Yes you heard it, the cost of our electricity is more expensive than Singapore or Japan. You can just imagine how much of the low-salaried Pinoy's monthly budget goes to paying for power (sigh) In other countries, the cost of electricity is subsidized by the government - hence, their lower rates. Also, the Philippines has fared badly in developing its power industry - whether coal, geothermal, hydro or some other. As such, consumers like us have to pay for the cost of ... Continue Reading...