Filipino 2040 Energy: Power Security and Competitiveness
The Filipinos’ vision for themselves by 2040 is for them to enjoy a stable and comfortable lifestyle, having enough for their daily needs and unforeseen expenses, so they can plan and prepare for their own and their children’s futures. This paper looks at one major commodity that bears heavily on every Filipino consumer’s expenses: electricity. By focusing on the generation sector, it presents two possible scenarios for the next 25 years and illustrates how policy reforms on fuel mix can potentially reduce blended generation charges that make up 47% of the total electric bill of households. This paper also provides an assessment of the power sector’s performance and suggests broad key reforms and alternative pathways needed for the sector to contribute to the overall vision of a strong-growth economy and improved well-being of Filipinos by 2040.
Majah-Leah V. Ravago, Raul V. Fabella, Ruperto P. Alonzo,
Rolando A. Danao, Dennis S. Mapa
University of the Philippines and
Energy Policy and Development Program (EPDP)