Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
Rappler Animate: Why electricity rates in Philippines are high
MANILA, Philippines - The country's high power costs have plagued the Philippines' ability to compete in the manufacturing sector and burdened Filipinos for decades.
The reasons are complex, while the policies that tried to address these issues ranged from reactive to populist to idealistic.
In the process, the electricity bill has been going up instead of becoming more affordable.
Watch this animated illustration to understand how the sins of the past, the capital intensive nature of the power industry, market forces, and moves for cleaner energy sources make their way into the electricy bill.
Rappler's Lala Rimando reports, while artist Emil Mercado whips out this visual treat. - Rappler.com
Click on the links below for more:
- How San Miguel-MPIC 'bidding war' led Aquino to rethink PPP
- DMCI wins bid for 25-mw diesel power plant in Palawan
- Aquino praises 'proactive' economic team
- During Malampaya repairs, expect higher power rates, not brownouts
- How does WESM work and affect electric bills?
EDITOR'S PICK
-
-
Palm oil is new battleground for San Miguel, MVP
Two of the country's biggest business groups have added a new battleground for their -- and their Asian tycoon principals' -- intersecting interests
- >San Miguel to invest $1.5-B in power plants
- >Customs seizes P25-M fake, expired medicines
- >No tax perks for tourism-related businesses
- >7-Eleven PH targets 1,000 stores by end-2013
- >SM group plans to build more convention centers
- >PH becomes a candidate for EITI
- >SM on Taguig mall row: We're only a lessee
