Electricity rates worldwide have always been a primary concern for investors in making business decisions, particularly in terms of regional development and expansion. Power quality and rates are significant factors that can strongly impact operations, production, and regional and global competition.

In recent years, electricity rates were significantly impacted from global disruptions particularly the COVID-19 pandemic and the Russia-Ukraine war. These challenges had a severe impact on many markets and sectors including the Philippine energy industry which took a hit given the country's heavy reliance on imported coal and domestic gas since these are benchmarked in the volatile world market prices.