3rd
largest geothermal electricity producer.
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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 2020 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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Highlights
3rd
largest geothermal electricity producer.
-75%
GHG emissions targeted in 2030.
57%
share of coal in the power mix (2020).
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
Gas:
The production of gas started in 2002 with the commissioning of the field of Malampaya; it was stable between 2011 and 2019 at around 4.5 bcm but has dropped by 30% in 2020 to 3.1 bcm due to the COVID-19 pandemic. The gas field supplies five power plants in Luzon: Ilijan, Sta. Rita, San Lorenzo, Avion, and San Gabriel.
Energy Prices
Oil:
Within the framework of the law on the downstream oil sector, the prices of oil products are now free, with the exception of products considered to be "socially" sensitive, like kerosene.
Energy Consumption
Per capita energy consumption is 0.51 toe, including 760 kWh of electricity (2020). These levels are two times lower than the ASEAN average.
Total energy consumption decreased by 8% in 2020 to 56 Mtoe. Previously, it had increased by 5.5%/year since 2009, reaching a 62 Mtoe peak in 2019.
Issues & Prospects
According to the Energy demand and supply outlook included in the PEP 2020-2040, final energy consumption will increase 3-fold by 2040 from 2020 (5.8%/year), driven by the transport and industry sectors.
Below is a list of the Philippines energy market report graphs:
In the Philippines energy market report you will find the following tables:
The Philippines energy market data since 1990 and up to 2020 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:
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:
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