Philippines: Philippine Energy Plan

The PEP is the blueprint for "all players in the energy sector for the next ten years." The agenda focuses on achieving energy independence and enacting power market reforms. The energy independence portion of the agenda involves increasing indigenous oil and gas reserves, developing renewable energy resources, increasing the use of alternative fuels (CNG for transport), forging strategic alliances with other countries and promoting a strong energy efficiency and conservation program.
The power market reforms aim at privatizing generating capacity, correct pricing of natural resources and energy supplies and to attract foreign investors in the sector.

Date Implemented: updated 2005

Status: In Force; Framework Policy

Targets: One of the government’s main objectives is energy independence: 60% self-sufficiency level in 2010. Other energy and sector specific goals include: 100% barangay (village) electrification by 2008; increase renewable energy capacity by 100% in 10 years; to become the world leader in geothermal energy; to be the largest wind power producer in South East Asia. Previous PEP goals include: the electrification of 90% of households by 2017; emission avoidance of 32,000 Gg CO2 by 2313; to double hydro capacity by 2013

References: Philippines Energy Plan 2005 Update

http://www.doe.gov.ph/