- Energy Transition
25 July 2024
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- Philippines
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The long-term vision for the country’s energy transition in the electricity supply sector is based on the implementation of the National Energy Transition Roadmap (NETR). The roadmap aims to increase the share of installed capacity from new renewable energy sources (TBB) in the electricity supply system to 31% by 2025, 40% by 2035, and 70% by the year 2050, compared to the current achievement of 26%.
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Energy authorities will be given more power to regulate domestic oil and cooking gas prices through taxes and subsidies under a new law, says Energy Minister Pirapan Salirathavibhaga.
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Fuel prices remain a thorny issue for regulators, mainly on how to calculate retail prices with the Ministry of Industry and Trade (MoIT) saying the central government does not want to impose pricing, but it will take actions to ensure consumer rights are protected.
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ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
