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Published on Thursday, 26 September 2024
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Published on Thursday, 26 September 2024
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Published on Monday, 23 September 2024
July 2024 Private Sector Initiated Power Projects (Committed) Summary of Committed Power Projects as of 31 July 2024 July 2024 Private Sector Initiated Power Projects (Indicative) |
Published on Thursday, 19 September 2024
Peak Demand In 2022, the Philippines' total non-coincidental peak demand1 reached 16,596 MW, which is 560 MW or 3.5% higher than the peak demand in 2021. Taking off from the height of the pandemic in 2020, this increase in demand is attributed to the ease of Government restrictions in the whole country and the gradual return to normalcy of economic activities that allows the recovery of the economy. The lifting of COVID-19 pandemic restrictions paved the way for the recovery of different businesses and services in the country. This recovery also required a higher demand for electricity which caused the gradual increase of the total energy consumption in the country in the previous two years. Additionally, the travel restrictions set by different Local Government Units were relaxed resulting in demand growth in 2021 and 2022. Figure 1 shows the comparison between the recorded peak demand in 2022 and 2021 for the Luzon, Visayas, and Mindanao grids. Among these three, Luzon had the highest increase in peak demand of 537 MW in 2021 and 473 MW in 2022 as Metro Manila, the country's center for economic activity, recovered from the effects of pandemic. 1 Total non-coincidental peak demand of Luzon, Visayas and Mindanao grids
Click to view/download PDF file of 2022 Power Situation Report
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Published on Thursday, 29 August 2024
June 2024 Private Sector Initiated Power Projects (Committed) Summary of Committed Power Projects as of 30 June 2024 June 2024 Private Sector Initiated Power Projects (Indicative) |