I found the official prices of electricity on a website, and it is as follows: Electric Power Costs (As of March 2005) For Residential Properties - Php 5.4303/kwh For Commercial Use - Php 5.7326/kwh For Industrial Use - Php 5.5665/kwh
It is around half of the price in Manila, My guess is because of the geothermal plants... But just a guess
yeah.. most probably.. valencia town does not even pay for the electric bills since they are just near the geo plants..