KETEP 세계에너지시장정보

Executive summary ................................................................................................................. 6 

Introduction ........................................................................................................................... 10 

Power sector overview .......................................................................................................... 12 
 Electricity demand in the Philippines is rising ................................................................... 12 
 While fossil fuels continue to dominate supply, renewables are expanding rapidly ......... 12 
 The Philippines’ three main grids have different energy systems and needs .................. 14 
 The Philippines electricity market ...................................................................................... 16 

Policy and regulatory landscape ........................................................................................... 20 
 Key institutions manage the power sector in line with energy policy priorities ................. 20 
 Policy directions aim to achieve energy security, resiliency and affordability .................. 21 
 Power sector policies support renewable energy development ....................................... 21 
 Supporting policies focus on demand-side factors ........................................................... 23 

Challenges and risks ............................................................................................................. 25 
 Fuel supply has high import dependence with supplier concentration ............................. 25 
 Access and affordability are shaped by market dynamics and geographic constraints ..... 29 
 Unserved and underserved communities require special considerations for electricity connection ....... 30 
 Effective VRE integration will be increasingly important as VRE shares grow ................. 31 
 Power system development could be strengthened by addressing investment gaps ...... 32 

Analyses of priority areas for the Philippine power sector ................................................... 34 
 Nuclear power could diversify baseload supply, strengthening long-term energy security .... 34 
 Grid modernisation and system flexibility will strengthen system security in the Philippines ..... 38 
 Climate resilience of the power system can enhance energy security and strengthen reliable electricity access ...... 44 

Areas for enhanced co-operation under AZEC .................................................................... 50 
 Nuclear study tours ............................................................................................................ 50 
 Training and knowledge exchange on grid modernisation ............................................... 50 
 AZEC Task Force on Energy Resilience........................................................................... 51 

General annex ....................................................................................................................... 53 
 Annex A – Key power sector policies ................................................................................ 53 
 Annex B – Ancillary services available in the Philippines’ power market ......................... 56 
 Abbreviations and acronyms ............................................................................................. 57 
 Units of measure ............................................................................................................... 58