Philippines' Rising Renewables Use Could Push Power Prices 24% Lower by 2029, Market Operator Says

Philippines' rising renewables use could push power prices 24% lower by 2029, market operator says

SINGAPORE — Increasing adoption of renewable energy in the Philippines could push average annual spot power prices as much as 24% lower by 2029, its power market operator said on Thursday. Spot power prices in the Philippines have fallen to a post-pandemic low of P4.14 ($0.0731) per kilowatt-hour (kWh) in the first half of 2025, data from […] The post Philippines’ rising renewables use could push power prices 24% lower by 2029, market operator s…

Renewables growth in Philippines to cut power costs 24%

The IEMOP has reported that a surge in renewable energy usage could drive down average annual spot power prices by as much as 24% by 2029.