Commodity Market Report
Philippines power market report 2025 (SEAGAPS)
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Key report themes: • Average end-user tariffs declined from US$166/MWh in 2023 to US$160/MWh in 2024 as coal price dropped amid global oversupply and weakening demand from major economies. • In the latest PEP 2023-2050, the government has raised its 2040 renewable generation target to 55%, up from 50% in the previous plan. However, Wood Mackenzie forecasts renewables will account for only 42% of total generation by 2040, falling short of the target. • The Philippines is the fourth smallest power market in Asia Pacific with a power demand of 123 TWh and peak demand of 19 GW in 2024. • The Philippines will need US$43 billion in power generation investments from 2025 to 2034, with 65% for renewables and storage, and 35% for fossil fuels. • The Philippines power sector emissions will peak at 87 MtCO2 in 2029, rising from 77 MtCO2 in 2024, making it as the third fastest Southeast Asian country to reach peak emission.
Table of contents
- Key findings
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Greece power market outlook to 2060: March 2026 Update
We present our March 2026 long-term outlook for the Greek power market, with integrated supply-demand analysis and prices to 2060.
$12,500
Commodity Market Report
Bulgaria and Romania power market outlook to 2060
We present our March 2026 long-term outlook for Bulgaria and Romania power markets, with integrated supply-demand analysis and prices.
$15,000
Commodity Market Report
Brazil power markets long-term outlook H2 2025
The country outlook provides annual and monthly data of our analysis of the power value chain in Brazil until 2060.
$8,000
