POWER rates in the Philippines are the third highest in Asia and fourth in the Asia-Pacific region, said a survey done by the International Energy Consultants (IEC), an Australia-based consulting firm specializing in Asian power markets.

IEC Managing Director Dr. John Morris, who led the study, said the results of the study reflect the period January 2016 compared with January 2012.

The Philippines’s power rates, he added, are also the 16th highest in the world.

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