Executive Summary
The moratorium on greenfield coal power plants means that new planned coal projects will no longer receive permits from the Department of Energy. This is a welcome development because power sector stakeholders can now prioritize modern renewable energy and storage projects that can deliver lower costs and price stability while delivering domestic energy security.
Compared with its Asian peers, the Philippines has uncompetitively high electricity prices. That means the new generation of deflationary renewables provide an immediate opportunity to improve the power system's cost-competitiveness.
In contrast with more developed global power markets, Southeast Asia and South Asia have been the last bastions of coal growth. The DOE’s new policy stance makes it clear that Philippine policymakers and industry leaders are now ready to embrace more cost-effective clean energy options.
Please view full report PDF for references and sources.