Amid rising energy security concerns across ASEAN, the Philippines is weighing power price intervention and increased coal generation. (Photo: ASEAN Secretariat)
As the Iran war drives up liquefied natural gas (LNG) prices, the Philippine government is considering intervening in power prices as early as this week while also increasing electricity generation from coal.
The Philippines is one of the few largely unregulated electricity markets in Southeast Asia, but the country could face a 16% rise in power prices by next month if the government does not step in, Energy Secretary Sharon Garin told Reuters.
Manila is also in talks with Indonesia to secure a more stable coal supply, as the government seeks to replace some LNG-fired generation with coal-fired power plants.
