Philippines will add 14 power plants by year-end

The Philippines' energy grid is set to expand with the addition of 14 new power plants by the end of 2025, according to the IEMOP. This expansion aims to boost the region's supply margin. These new facilities include solar, geothermal, and diesel plants, along with energy storage systems. The majority of the projects are located in Luzon, with the largest being the 137 MWac Calatrava solar power project. IEMOP anticipates a positive impact on supply margins, though planned maintenance could cause minor price fluctuations. The market has seen a decrease in unplanned outages, contributing to lower prices compared to last year.