In 2023, hydroelectricity consumption in the Philippines stood at 0.090 Exajoules. The forecast data from 2024 to 2028 indicates a steady increase in hydroelectricity consumption. In 2024, consumption is expected to reach 0.091 Exajoules, showing a modest year-on-year increase of 1.11%. By 2025 and 2026, it will continue to rise to 0.092 Exajoules, reflecting a stable incremental growth of 1.10% per year. In 2027, the consumption is predicted to go up to 0.093 Exajoules, marking another year-on-year growth of 1.09%. By 2028, the forecast shows it will reach 0.094 Exajoules, recording annual growth of 1.08%. This yields a Compound Annual Growth Rate (CAGR) of around 1.10% from 2024 to 2028.
Future trends to watch for include the Philippines' commitment to renewable energy, potential government policies promoting hydroelectric projects, and technological advancements enhancing efficiency in hydroelectric power generation.
