Philippines Power Outlook Highlights for 2023
“Electricity rates rising in mid-2023 after MERALCO refunds done”
– Business Mirror, November 25, 2022
“…the Department of Energy (DOE) Philippines, sees a “difficult” first half of 2023 for the country in terms of power situation.”
Highlights:
- delays in natural gas projects
- inability of Malampaya to produce more gas
- difficult period during the hot summer months due to temperature rise and increase in power demand
(Reference: R. Mercurio, PhilStar Grobal, October 10, 2022)