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IS ELECTRICITY PRICE IN ILOILO THE HIGHEST IN THE WORLD?
The data attributed to me in the press release of Mr. Ted Ong, chairman of
the Freedom from Debt Coalition (FDC) came from my Facebook Notes entitled
ILOILO WAKE UP! The data posted there came from
here.
In my post I mentioned several delimitations, such as: (1) data from other
countries came from the latest available during the years 1994-2002, (2) data
for Iloilo City came from a PECO bill for July 2010; and (3) worldwide
electricity cost during the years 1994-2002 were going down, thus there is
little chance they would be much higher today than they were during those years.
 Published
rejoinders claimed my data is not valid considering that the price of oil does
not remain constant, thus the cost of electricity worldwide could be higher
today than they were in 2002. Yes, oil price could have gone up and consequently the price
of electricity. However, data published by the US Energy Information
Administration [http://www.eia.doe.gov/emeu/aer/pdf/pages/sec8.pdf]
show that electricity price in the US was steadily going down (click on the
graph on the left to enlarge) from 1994-2002. As we all know, the price of
electricity goes up and down with the price of oil.
 Historical
data of oil prices at InfationData.com [http://www.inflationdata.com/inflation/inflation_rate/historical_oil_prices_table.asp]
shows global oil price from the years 1994-2002 (click on graph at left to enlarge).
This means that cost of electricity worldwide could be lower today than they
were in 2002. This would make the price of PECO even higher than the rest of the
world.
I came across this map (click on map at right to enlarge) which shows global
industrial electricity prices in 2005 [http://www.leonardo-energy.org/drupal/node/193].
Note that there is no data for Panay island, thus we have no basis for
comparison. However, PECO can easily furnish this missing data. The map shows
that the highest recorded electricity price in 2005 was between $0.13-0.15 or PhP6.66-7.68.
The exchange rate in 2005 was PhP51.201 to US$1 [http://en.wikipedia.org/wiki/Tables_of_historical_exchange_rates_to_the_USD].
The map also shows that, elsewhere in the Philippines where there is recorded
data, the price of electricity ranged between $0.07-0.09 or PhP3.58-4.60. I
wonder, how much was PECO selling its electricity then?
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