Foreign exchange and the price of electricity given the Philippine power industry reforms
School of Economics
This paper examines foreign exchange as a determinant of high prices in an electricity generation industry going through reforms towards privatization and deregulation. It is found that exchange rate movements influence electricity prices through imported fuels but more notably through payment of foreign-currency denominated liabilities. This financing aspect stands out because of the difficulty in obtaining domestic funding. This paper notes that generating investments is imperative for the power sector reforms to attain their objectives.
Molato, R. M. (2007). Foreign exchange and the price of electricity given the Philippine power industry reforms. Retrieved from https://animorepository.dlsu.edu.ph/faculty_research/8446
Electric utilities—Philippines; Electric utilities—Rates—Philippines; Foreign exchange rates—Philippines