Electricity prices drop 14.3 percent in January in the Philippines

Electricity prices in the Philippines dropped by 14.3 percent in January due to lower demand from cooler weather. The average price fell to P2.96 per kilowatt-hour from P3.45 in December 2024. Demand decreased by 5.6 percent to 12,529 megawatts, while supply slightly declined by 0.2 percent. All regions, including Luzon, Visayas, and Mindanao, experienced reduced electricity demand. Coal remained the main energy source but its share fell to 55 percent. Natural gas accounted for 17 percent, while renewable sources like hydro and geothermal showed stable contributions.