Key Market Indicators
Filipina Electricity Generation is projected to reach approximately 137 Terawatt-hours by 2028, up from around 118 Terawatt-hours in 2023. This marks an annual growth rate of 2.4% in Compound Annual Growth Rate (CAGR). Since 1990, the country's electricity supply has grown at an average rate of 3.4% per year. In 2023, the Philippines ranked 33rd globally in electricity generation, with Iraq slightly ahead at the same level of 118 Terawatt-hours. At the top of the global rankings, the United States, India, and Russia held the 2nd, 3rd, and 4th positions, respectively.
