Key Market Indicators
Philippine electricity generation is projected to climb to approximately 137 terawatt-hours by 2028, up from around 118 terawatt-hours in 2023. This marks an annual growth rate of 2.4%. Since 1990, the country's electricity supply has expanded at an average annual rate of 3.4%. In 2023, the Philippines ranked 33rd globally in electricity generation, with Iraq surpassing it at the same level of 118 terawatt-hours. The leading nations in this sector include the United States, India, and Russia, occupying the second, third, and fourth positions, respectively.
