48 Philippine Power Utilities Charge Above National Average
Generation costs and spot market exposure drive rates higher in country already facing Southeast Asia's steepest electricity prices
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Generation costs and spot market exposure drive rates higher in country already facing Southeast Asia's steepest electricity prices

The benchmark index gained over three points to close at 1,714 as the ringgit held steady and cryptocurrency markets showed mixed performance.

Forty-eight distribution utilities exceed the record-high P12.43 per kilowatt-hour benchmark as generation costs drive electricity expenses across the archipelago.

With regulated rates hitting all-time highs, nearly two-thirds of consumers must now weigh the cost of certainty against the risk of waiting for prices to fall.

Foundation Healthcare's oversubscribed offering signals investor appetite, though recent poor debut performances and rising utility costs weigh on sentiment