Page 12 - Introduction to Solar Energy-DEVC270
P. 12
Electricity in the Philippines
• The Philippines has one of the highest costs of energy in the
world.
• Electricity prices have risen on average by 12.5% per year over
the last 20yrs.
• With economic growth expected to outstrip increases in
capacity, it is widely expected that electricity prices will
continue to rise sharply in the short to medium term.
