- Update
-
- Format
- 3 files (PDF report, 2 Excel files)
- Pages
-
63 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Philippines energy report
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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
Overview
The Philippines is advancing an ambitious energy transition, targeting a 35% renewable share in its power mix and a 75% reduction in greenhouse gas emissions by 2030. Key strategies include expanding offshore wind, modernising transmission infrastructure, and phasing out coal plants while integrating nuclear and LNG to bolster energy security. Regulatory frameworks and competitive auctions support renewable growth, though coal remains dominant in the near term.
Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.
Highlights
- The country targets a share of 35% of renewables in the power mix and a 75% reduction of its GHG emissions in 2030. A first nuclear reactor is planned for 2032.
- More than 90% of the electricity generation comes from IPPs. EDC is the world's largest geothermal company. Prime Infra acquired 100% ownership of the Malampaya gas field through its subsidiaries in 2022.
- Coal dominates the power mix (62%). Coal imports have more than tripled since 2010. Gas production has halved since 2020.
- Final energy consumption is growing rapidly since 2020, driven by the transport sector. Electricity prices slightly decreased in 2024, after a regular growth: they are amongst the highest in Asean.
- A very rapid energy demand growth is expected by 2040 (6%/year). Despite the moratorium on new coal plants, 2.3 GW should come online by 2028. The country targets 4.5 GW of nuclear by 2050.
Energy & Climate Policy Framework
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
Electricity:
There are 245 power generation companies operating around 600 power plants (2024). The largest generators are Aboitiz (22% of total capacity in 2024), San Miguel (20%), First Gen Corporation (13%), Ayala (6%), and Meralco (Manila Electric Company) (5%).
Energy Supply & Demand
Resources:
The Philippines has moderate conventional energy resources. Crude oil reserves are estimated at 19 Mt, natural gas reserves at 27 bcm (2024). Oil and gas reserves are mostly found in Northwest Palawan and Cagayan basins. Proved coal reserves reached 262 Mt at the end of 2024.
Energy Use and Price by Sector
Energy Prices in Industry:
Electricity prices - for industry, as for households and services, - are set by distribution utilities, and can change on a monthly basis to reflect evolving power generation costs, transmission charges and taxes. In 2024, the average electricity price (in USD) for industrial consumers declined by 5.5% to USD15.5c/kWh, which is close to its 2010 level.
Issues & Prospects
According to the Energy demand and supply outlook included in the PEP 2023-2050, final energy consumption will more than double between 2022 and 2050, increasing by 3.4%/year, driven by the transport and industry sectors. Final consumption of oil products should more than double and electricity demand increase fivefold (+5.5%/year) over this period.
- Graph 1: Primary Consumption Trends by Energy Source
- Graph 2: Total Consumption Market Share by Energy (2024)
- Graph 3: Installed Electric Capacity by Source
- Graph 4: Installed Electric Capacity by Source (2024)
- Graph 5: Gross Power Production by Source & Consumption
- Graph 6: Power Generation by Source (2024)
- Graph 7: Crude Oil Production & Consumption
- Graph 8: Petroleum Products Production & Consumption
- Graph 9: Gas Production & Consumption
- Graph 10: Coal Production & Consumption
- Graph 11: GHG Emissions and CO2-energy Emissions
- Graph 12: Final Demand Trends by Energy Source
- Graph 13: Final Consumption by Sector
- Graph 14: Final Consumption Market Share by Sector (2024)
- Graph 15: Final Consumption in Industry by Energy Source
- Graph 16: Energy Prices in Industry (Taxes Included)
- Graph 17: Final Consumption in Transport by Energy Source
- Graph 18: Energy Prices in Transport (Taxes Included)
- Graph 19: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 20: Energy Prices in Residential (Taxes Included)
- Graph 21: Upcoming New Capacity by Energy Source
- 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
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).