Rebalancing in the power sector

This is a pivotal year for the power industry as the country decided to shun new coal power developments in the future.

In the ASEAN, coal is an unchallenged power source as it remains the cheapest source of power.

In the Philippines, the dominant fuel source for baseload or 24/7 power is coal, which saw significant growth from some 7,400 megawatts in 2016 to 10,400 megawatts in 2019. Coal’s share in the energy mix also rose from 35 percent to 41 percent.

But the Department of Energy said it would stop endorsing greenfield coal power plants. The moratorium was due to the recent assessment of energy requirements, revealing the need for the country to shift to a more flexible power supply mix.

The Philippine energy sector will also undergo a transformation to achieve a low carbon future by pursuing other clean energy technologies.

The government is looking to bring the share of renewable energy to 35 percent.

Source: https://www.philstar.com/business/2021/01/03/2067734/disrupted-covid-19-power-sector-resets

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