The Department of Energy (DOE) projects that electricity rates in the Philippines could drop by P2 to P3 per kilowatt-hour by 2030 if all planned conventional and renewable energy projects are completed on schedule.
Energy Secretary Sharon Garin emphasized the need for close coordination with government agencies and local units to ensure the timely delivery of projects.
The Philippines currently has the second-highest power rates in Southeast Asia, with Metro Manila’s rates averaging around PHP 13 per kWh, higher than those of neighboring countries.
Unlike other Southeast Asian nations, the Philippines does not subsidize electricity, contributing to its higher costs.
The DOE also aims to achieve total household electrification by 2028, estimating a budget of nearly P58 billion to connect the remaining 3.17 million households.
Source: PhilNews24 | October 5, 2025
ELECTRICITY RATES EXPECTED TO FALL BY P3/KWH WITHIN THE DECADE
You might be interested in
Latest from Business
PLDT and Smart’s Cyber Security Operations Group blocked over 650,000 attempts to access online child sexual
West Zone water concessionaire Maynilad Water Services Inc. has expressed interest in acquiring Villar-owned PrimeWater if
The Philippine Institute for Development Studies (PIDS) is urging lawmakers to strengthen and expand the Blue
The Sugar Regulatory Administration (SRA) projects an 8% decline in the country’s sugar production for crop
Argentina has expressed readiness to share its nuclear expertise and technology to support the Philippines’ push