Philippines Power Report Q2 2016
BMI View: We expect robust growth in the power sector in the Philippines, with total generation expectedto expand by an average of 4.8% during our 10-year forecast period to 2025. With recovery from the 2013typhoon gathering pace, reasonable domestic economic growth and a range of new projects beingannounced, overall the future is looking positive for the Philippine power market.
Latest Updates And Structural Trends
Notwithstanding the adverse effects that linger from Typhoon Haiyan that struck the Philippines in late2013, we still expect to see growth in the longer term, with a range of projects including coal-fired plantsand various renewable energy constructions in the pipeline. We forecast total electricity generation growthof 5.2% in 2016, reaching 81.7TWh. Further growth throughout the forecast period means total generationis expected to reach 122TWh by 2025.
Thermal energy will continue to dominate the energy market in the Philippines, accounting for over 70% oftotal electricity generation through our forecast period. Healthy growth is expected across coal, natural gasand hydropower.
The growth in electricity generation means we expect the Philippines will be able to keep up with theexpected increases in consumption, which we forecast will grow by about 5.0% a year, although the countryis vulnerable to fluctuations and we believe the power situation will remain tenuous.
- BMI Industry View
- Table: Headline Power Forecasts (Philippines 2015-2021)
- SWOT
- Industry Forecast
- Philippines Snapshot
- Table: Country Snapshot: Economic and Demographic Data (Philippines 2015-2020)
- Table: Country Snapshot: Economic and Demographic Data (Philippines 2020-2025)
- Table: Country Snapshot: Power Sector
- Philippines Power Forecast Scenario
- Gas Generation And Capacity Forecasts
- Coal Generation And Capacity Forecasts
- Hydropower Generation And Capacity Forecasts
- Nuclear Generation And Capacity Forecasts
- Electricity Generation And Power Generating Capacity
- Table: Total Electricity Generation Data And Forecasts (Philippines 2014-2019)
- Table: Total Electricity Generation Data And Forecasts (Philippines 2020-2025)
- Table: Electricity Generating Capacity Data And Forecasts (Philippines 2014-2019)
- Table: Electricity Generating Capacity Data And Forecasts (Philippines 2020-2025)
- Electricity Consumption
- Table: Total Electricity Consumption Data And Forecasts (Philippines 2014-2019)
- Table: Total Electricity Consumption Data And Forecasts (Philippines 2020-2025)
- Transmission And Distribution, Imports And Exports
- Table: Electric Power T&D Losses Data And Forecasts (Philippines 2014-2019)
- Table: Electric Power T&D Losses Data And Forecasts (Philippines 2020-2025)
- Industry Risk/Reward Index
- Asia Power Risk/Reward Index
- Table: Asia Power Risk/Reward Index (Scores Out Of 100)
- Philippines Power Risk/Reward Index
- Rewards
- Risks
- Market Overview
- Key Policies And Market Structure
- Regulation And Competition
- Sustainable Energy Policies
- Pricing
- Philippines Power Projects Database
- Table: Philippines Power Projects Database
- Competitive Landscape
- Napocor
- The National Transmission Corporation (TransCo)
- First Gen
- Aboitiz Power
- Ayala Corporation
- Mirant
- Meralco
- EDC
- AES
- Regional Overview
- Asia Power Regional Overview
- Table: China Power Snapshot
- Glossary
- Table: Glossary Of Terms
- Methodology
- Methodology And Sources
- Industry Forecast Methodology
- Sources
- Risk/Reward Index Methodology
- Table: Power Risk/Reward Index Indicators
- Table: Weighting Of Indicators