Philippines electricity prices

Philippines
Electricity prices
 Residential price 0.191
 Business price 0.134
 Measure USD / kWh
 Reference September 2023
 Data availability March 2019 - March 2024
 Data frequency Quarterly
Philippines, September 2023: The price of electricity for households is PHP 11.190 per kWh or USD 0.191 per kWh. The electricity price for businesses is PHP 7.854 kWh or USD 0.134 per kWh. This includes all components of the electricity bill such as the cost of power, distribution and taxes. For comparison, the average price of electricity in the world for that period is USD 0.154 per kWh for households and USD 0.150 per kWh for businesses.

We calculate several data points at various levels of electricity consumption for both households and businesses but on the chart we show only two data points. For households, the displayed number is calculated at the average annual level of household electricity consumption. For businesses, the displayed data point uses 1,000,000 kWh annual consumption.

The latest business and household electricity price data from March 2024 are available for download.
Electricity prices for households, September 2023
(kWh, U.S. Dollar)
0.002
0.003
0.006
0.006
0.006
0.008
0.013
0.014
0.015
0.015
0.015
0.017
0.019
0.020
0.022
0.023
0.026
0.027
0.027
0.029
0.032
0.040
0.043
0.046
0.047
0.047
0.048
0.048
0.048
0.050
0.052
0.053
0.054
0.055
0.059
0.063
0.064
0.065
0.065
0.067
0.069
0.070
0.075
0.075
0.076
0.078
0.080
0.082
0.087
0.088
0.088
0.090
0.094
0.095
0.095
0.096
0.101
0.103
0.106
0.108
0.109
0.112
0.115
0.116
0.117
0.119
0.120
0.120
0.122
0.124
0.125
0.127
0.130
0.130
0.132
0.137
0.142
0.142
0.144
0.145
0.148
0.149
0.153
0.154
0.155
0.156
0.161
0.166
0.170
0.172
0.173
0.173
0.173
0.175
0.177
0.179
0.181
0.182
0.183
0.190
0.191
0.194
0.196
0.197
0.201
0.202
0.202
0.207
0.207
0.212
0.212
0.213
0.214
0.215
0.217
0.221
0.222
0.231
0.232
0.235
0.236
0.237
0.249
0.250
0.253
0.264
0.278
0.281
0.281
0.297
0.308
0.308
0.310
0.328
0.344
0.344
0.346
0.351
0.364
0.397
0.401
0.421
0.430
0.446
0.453
0.456
0.460
0.532
0
0.1
0.3
0.4
0.53
Sources: Department of Energy of the Philippines, Manila Electric Company (MERALCO)
Philippines: Electricity price analytics
   Values
 Residential / World average price    128.02 %
 Residential / Asia average    248.60 %
 Business / World average price    91.09 %
 Business / Asia average    131.27 %
 Residential / Business price    142.48 %
 Low / High income households    47.20 %
 Small / Large businesses    111.18 %
Updated quarterly. Methodological notes
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