The Philippine Statistics Authority (PSA) reported a 2% increase in the country's energy consumption in 2022, reaching 35.86 million tons of oil equivalent (Mtoe).
Transport accounted for 34.4% of the total energy consumption, while residential usage constituted 28.8%.
The total primary energy supply in the Philippines rose by 3.9% to 61.56 Mtoe, with non-renewable sources contributing 45.5%, renewable sources 32.6%, and secondary energy products 21.9%.
The Philippines aims for renewables to comprise 35% of power generation by 2030 and 50% by 2040, as per the National Renewable Energy Program (NREP) 2020-2040.
The government has opened the renewable energy sector to full foreign ownership, allowing foreign investors to hold 100% equity in solar, wind, hydro, and ocean or tidal energy resources.
PH energy usage edges up; non-renewables near half
In 2022
At a glance
The Philippine Statistics Authority (PSA) reported that the country's energy consumption registered a slight increase last year, with non-renewable sources contributing to almost half of the total energy supply.
Data from the PSA indicated that the overall final energy consumption in the country rose by two percent to 35.86 million tons of oil equivalent (Mtoe) in 2022 from 35.13 Mtoe in the previous year.
Of the total, the transportation sector accounted for 34.4 percent, totaling 12.33 Mtoe, while residential usage constituted 28.8 percent, or 4.42 Mtoe.
The remaining balance was divided between industry and other sectors, with shares of 19.8 percent and 17.1 percent, respectively.
On the other hand, the country's total primary energy supply increased at a much faster rate than the consumption.
According to the PSA, the energy supply reached 61.56 Mtoe last year, a 3.9 percent increase from 59.24 Mtoe a year earlier.
The PSA reported that the largest portion of the total primary energy supply originated from non-renewable sources such as coal, crude oil, natural gas, and condensate, accounting for 45.5 percent.
Following closely were renewable energy sources like hydro, geothermal, solar, wind, biomass, biodiesel, and bioethanol, comprising 32.6 percent of the supply.
Meanwhile, the smallest share of 21.9 percent came from secondary energy products including kerosene, diesel, and liquefied petroleum gas, among others.
Based on the Philippines’ National Renewable Energy Program (NREP) 2020-2040, the country targets a 35 percent share of power generation from renewables by 2030 and aims for this figure to increase to 50 percent by 2040.
Additionally, the government aims to reduce the costs of renewable energy projects and enhance public accessibility to renewable energy sources.
In a move to promote the growth and utilization of renewable energy, the government has completely allowed foreign ownership in the sector.
In November, the Department of Energy (DOE) released Circular No. 2022-11-0034, which revised the 2008 Renewable Energy Act to eliminate provisions mandating Filipino ownership of specific renewable energy resources.
As a result of this adjustment, foreign investors are now allowed to have 100 percent ownership in the exploration, development, and utilization of solar, wind, hydro, and ocean or tidal energy resources.