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PHL seeks ‘balance’ between energy security, affordability
Business World Philippines
|September 12, 2025
THE Philippine Energy Plan in the runup to 2050 will seek to achieve a balance between incorporating affordable renewable energy (RE) while ensuring energy security, the Department of Energy (DoE) said.
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“The blueprint for the energy sector... was designed to strike a balance between energy security, affordability, and sustainability,” Undersecretary Mylene C. Capongcol said at an energy forum on Thursday organized by the Economic Journalists Association of the Philippines.
Ms. Capongeol said the DoE has put in place policies that will encourage entry of private-sector investment, while ensuring fair and equal access to the transmission and distribution system.
(The energy transition) will not be cheap... because it involves new and innovative technology like battery energy storage, but eventually, the cost will go down,” Ms. Capongcol said.
‘The Philippines is targeting a35% share of RE in the power mix by 2030 and 50% by 2040. ‘The share is currently 22%.
Dit verhaal komt uit de September 12, 2025-editie van Business World Philippines.
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