Philippines Key Figures
- Population:
- 117 million
- GDP growth rate:
- 5.55 %/year
- Energy independence:
- 47.9%
Data of the last year available: 2023
- Total consumption/GDP:*
- 73.5 (2005=100)
- CO2 Emissions:
- 1.28 tCO2/capita
- Rate of T&D power losses:
- 10.8%
* at purchasing power parity
View all macro and energy indicators in the Philippines energy report
Philippines Energy News
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Philippines Energy Research
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Philippines Total Energy Consumption
Per capita energy consumption is 0.57 toe, including 828 kWh of electricity (2023). These levels are two times lower than the ASEAN average (2023 levels).
Total energy consumption has been increasing by 3.5%/year since 2020, reaching 66 Mtoe in 2023, after a 5.5% drop in 2020. Previously, it had been increasing by 4.5%/year since 2009, reaching a 61 Mtoe in 2019.
Interactive Chart Philippines Total Energy Consumption
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View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Philippines energy report
Philippines Crude Oil Production
Oil production is low and decreasing (0.21 Mt in 2023) and covers 3% of oil demand.
Crude oil imports jumped by 19%since 2021 to reach 6.9 Mt, after a rapid decrease since 2018 with the closure of the Tabangao refinery (-23%/year).
The refining capacity has been reduced to 180 kb/d with only the Limay refinery complex left after Shell permanently closed its 110 kb/d Tabangao site in 2020.
Interactive Chart Philippines Crude Oil Production
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Philippines Renewable in % Electricity Production
The Renewable energy roadmap 2020-2040 aims to reach 35% of renewables in the power mix by 2030, and 50% by 2040 under a Clean Energy Scenario (CES) (35% in a Reference Scenario (REF)). These objectives were renewed in PEP 2023-2050. This share was 27% in 2023. To achieve this target, the country will need PHP 25.3bn (US$490m) of green investments for pre-developments under the CES scenario and PHP 17.9bn (US$347m) under the REF scenario.
Interactive Chart Philippines Share of Renewables in Electricity Production (incl hydro)
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Learn more about renewables in the Mini grid Africa & Asia markets for village electrification
Philippines CO2 Fuel Combustion/CO2 Emissions
In its updated NDC (2021), the country aims to reduce emissions by around 75% in 2030, relative to a BAU scenario (of which 2.7% unconditional and 72.3% conditional). The mitigation contribution is conditioned by the extent of financial resources, including technology development and transfer, and capacity building, that will be made available to the country. In its first NDC (2015), the objective was slightly lower (70% reduction).