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'Power rates could drop by P3/kWh by 2030'
The Philippine Star
|October 05, 2025
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).
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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