Energy Storage System in the Philippine Electric Power Industry
The passage of Republic Act No. 11234,entitled “Energy Virtual One-Stop Shop (EVOSS) Act” on 08 March 2019 paved the way for streamlining and expediting the permitting
Recent global trends have made the Philippines more aware of the need for energy diversification, including nuclear energy/small modular reactors (SMRs) and energy storage. In the past, decisions centered around the price, but the need to have multiple sources to ensure business continuity now seems to be recognized.
The Philippine government envisions the Philippines will increase its renewable energy (RE) share in supply mix to 35% by 2030 and 50% by 2050, promote energy efficiency and conservation, and pursue emerging technologies to achieve energy security.
The Philippines is facing a mounting energy crisis as the Malampaya natural gas fields, currently supplying 30% of Luzon's energy consumption, are expected to be depleted by 2024-2025.
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