SINGAPORE — Energy Secretary Sharon Garin warns Filipinos on Tuesday to brace for higher electricity prices as the peso continues to lose ground against the US dollar. Garin said that the import costs of coal, diesel and liquefied natural gas would be driven up by the weaker Philippine peso. “So P64 is probably the highest we have now. So it will impact the rate of electricity because it passes through, so it will impact per kilowatt-hour,” Garin told reporters on the sidelines of Singapore International Energy Week. The Department of Energy (DOE) chief said she would meet with Energy Regulatory Commission […]...

Keep on reading: DOE: Weaker peso may hike electricity rates, solutions sought