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'Power rates could drop by P3/kWh by 2030'
October 06, 2025
|The Freeman
The country’s electricity rates are likely to decline by up to P3 per kilowatt-hour (kWh) by 2030 if upcoming power projects are switched on as planned, according to the Department of Energy (DOE).
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For a typical household consuming 200 kWh, this means an additional ?48 on their monthly bill. PHILSTAR.COM
Citing simulation results, Energy Secretary Sharon Garin told lawmakers that power bills could go down by “P2 to P3 per kWh” if private developers execute all 200 proposed conventional and renewable energy projects on schedule.
“This is assuming that all the green energy auction projects are delivered and all the fossil-based (projects) are also delivered,” she said during a Commission on Appointments hearing.
Garin affirmed the DOE’s commitment to ensuring the timely and successful completion of these projects.
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