Philippines energy report
This analysis includes a comprehensive Philippines energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Abstract
Institutions & Energy Policy
The Department of Energy (DOE) is in charge of the energy sector. The DOE has six bureaus: Energy Policy and Planning Bureau (EPPB), Energy Resources Development Bureau (ERDB), Electric Power Industry Management Bureau (EPIMB), Oil Industry Management Bureau (OIMB), Renewable Energy Management Bureau (REMB), and Energy Utilization and Management Bureau (EUMB).
Energy Companies
Gas:
The major deposits of gas are concentrated within three main locations: Camago-Malampaya, the Cagayan Valley and Cebu.
Energy Supply
Resources:
The Philippines has moderate conventional energy resources. Crude oil reserves are estimated at 172 mbl, natural gas reserves at 56 bcm and coal reserves at 215 Mt (end of 2018). The country has an important geothermal potential estimated at 4 GW. Economically exploitable hydroelectric resources are estimated at 13 GW according to the DOE.
Energy Prices
Electricity:
Since the adoption of the 1992 law, electricity prices have been more stable and are controlled by the "Energy Regulatory Commission" (ERC).
In 2019, the average price of electricity was US15.7c/kWh for households. This price is twice the level of Vietnam or Malaysia and 40% higher than in Thailand.
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)
Energy Consumption
Per capita energy consumption is 0.57 toe, including 775 kWh of electricity (2018). These levels are two times lower than the ASEAN average.
Issues & Prospects
According to the Energy demand and supply outlook included in the PEP 2017-2040, final energy consumption will increase 4-fold by 2040 from 2017 (5.7%/year), driven by the transport and industry sectors.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Philippines energy market report graphs:
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Consumption trends by energy source (Mtoe)
- GRAPH 8: Total consumption market share by energy (2018, %)
- GRAPH 9: Final consumption market share by sector (2018, %)
In the Philippines energy market report you will find the following tables:
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Philippines energy market data since 1990 and up to 2018 is included in the Excel file accompanying the Philippines country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Philippines Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Philippines energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
The Philippines country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.
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