There's potential for lower utility costs

IT is heartening that electricity rates here, both for homes and industries, have eased by some 10 per cent according to industry estimates, thanks largely to the intense competition among gencos, all under different owners, including foreign ones. Increased power supplies, including recently started liquefied natural gas imports, have helped.

But LNG supplies per se have not directly impacted power prices. It is just that Brent crude prices, to which LNG supplies are pegged, have eased recently. PNG prices, on the other hand, are pegged to high sulphur fuel oil prices. Simply put, consumers here have since…