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Philippine coal power generation sees rare decline, share drops below 60%. (Photo: iStock)
Coal-fired power in the Philippines has dropped for the first time in nearly two decades, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
The decline comes as gas and renewable energy generation continue to rise, reducing coal’s share of the energy mix and driving wholesale electricity spot market prices to their lowest level since the end of the COVID-19 pandemic.
Falling LNG prices accelerate coal phase-out
IEMOP data shows that coal-fired generation reached 33.8 TWh in the first half of 2025, a 5.5% decrease year-on-year. Coal’s share in the power mix fell to 57.2%, down 4.7 percentage points from 2024.
