The Icelanders are proud of their geothermal energy. When I visited the Hellisheiði Power Station, the third largest geothermal power station in the world, our guide boasted: “The average Icelandic household only pays $80 a month for water and electricity. We are so blessed!” He proceeded to show how the turbines are able to produce 180 megawatts and to power the entire city of Reykjavik, the world’s northernmost capital.
In the Philippines, such figures will surely be a source of envy. It is very expensive here in Iceland: Even just a bed in a youth hostel costs 8,000 krona (around P3,000) a night. But utilities are cheap, whereas in the Philippines even just a condominium unit can end up costing the $80 in electricity alone.
Read More........
