So how can the Philippines begin moving towards a more competitive ranking, taking into context, the role of cost of electricity (electric power)*. With the recent passage of RA 10667 – National Competition Policy, the country awaits with bated breath the benefits of reforms to strengthen market competition. The concentration of power (in the power industry) can lead to higher cost of power. I look forward to see how the current administration of President R. Duterte will roll out competition in power. Thus, power can be used in the context of various sources and methods of generating the energy, whereas electricity can only be used in reference to electric power.

Source: Manila Times September 28, 2016 16:18 UTC