Exora employs digitalization to reduce electricity cost
With investments continuously gushing in from local and international enterprises, the Philippines is certainly moving toward a more robust economic landscape in the coming years. But in spite of today's favorable conditions that ease the experience of conducting business in the country, enterprises are still facing major challenges, one of which is the prohibitive cost of electricity. According to a report presented by Australian think-tank International Energy Consultant, the Philippines has the second most expensive price of electricity in the Asia-Pacific region after Japan, which is primarily due to the absence of subsidy from the government. Turning this challenge into an opportunity, pioneering startup Exora is presenting an end-to-end energy solutions platform that provides electricity through procurement and analytics with an aim to assist businesses in cutting down the cost of electric consumption and increasing savings. Established in partnership with the incubator progra
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