Philippines Energy

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While solar and wind are the dominant segments in the transition to renewables, a number of emerging markets are looking to geothermal sources as a way to meet future energy needs.

The private sector is accelerating efforts to meet rising energy demand in the Philippines, with liquefied natural gas (LNG) import and processing capacity being fast-tracked as domestic supplies dwindle.

The Philippines’ electricity market has undergone major reform, with the Wholesale Electricity Spot Market (WESM) passing from state control to a newly formed independent body.

Large-scale commitments by the Philippine government will increase sustainable power’s already significant contribution to the energy mix.

Major energy projects in the Philippines are set to receive a substantial boost following changes to the approval system, with new reforms expected to dramatically speed up implementation.

Falling global coal prices and rising domestic demand will see a growing number of private coal-fired power plants open in the Philippines by 2020, dramatically improving electricity supply in the wake of continued shortages. 

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