Part 1/16:

The Future of Energy in the Philippines: Challenges and Opportunities

High Electricity Prices and Energy Security Concerns

Electricity prices in the Philippines are among the highest in Asia, profoundly impacting Filipino households and the economy. Approximately 10% of the median Filipino family's take-home pay goes toward electricity costs, a burden that continues to grow annually at around 5% to 6%. With a population nearing 120 million and a burgeoning economy, the country's energy demand is escalating rapidly. Currently, the Philippines faces severe energy security constraints, relying heavily on imported fossil fuels—over 90% of coal and 20% of oil derive from foreign sources, leaving the nation vulnerable to geopolitical risks and supply disruptions.