PHILSTAR: Meralco rates 2nd HIGHEST in Asia Rates charged by the MERALCO are the 2nd HIGHEST in Asia and the 9th worldwide - largely due to the high cost of power generation, a study commissioned by the country's leading power distributor showed. In its report, the International Energy Consultants said the cost of producing power in other countries is tempered by generous government subsidies - hence lower rates for end user. "You live in a country where it is fundamentally expensive to make, transmit and deliver electricity, "John Morris, IEC managing director said in a briefing.
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