Philippines leads the world in rush to solar as power prices soar
People in the Philippines are increasingly installing rooftop solar panels to cut soaring electricity bills, making the country the world's biggest spender of solar panels since the conflict in Iran began. Power distributor Meralco has raised electricity rates by about 10% since the Middle East conflict started in late February. The Philippines has the highest residential electricity prices in Southeast Asia and provides few power subsidies, making rooftop solar more attractive despite high upfront costs.
REUTERS VIDEO
Check out our Streaming Channel: https://streaming.manilatimes.net/
Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe
Visit our website at https://www.manilatimes.net
Follow us:
Facebook - https://tmt.ph/facebook
Instagram - https://tmt.ph/instagram
Twitter - https://tmt.ph/twitter
DailyMotion - https://tmt.ph/dailymotion
Subscribe to our Digital Edition - https://tmt.ph/digital
Check out our Podcasts:
Spotify - https://tmt.ph/spotify
Apple Podcasts - https://tmt.ph/applepodcasts
Amazon Music - https://tmt.ph/amazonmusic
Deezer: https://tmt.ph/deezer
Tune In: https://tmt.ph/tunein
#TheManilaTimes
#TMTNews
#Solar
#Philippines
