In 2023, the total primary energy supply in the Philippines was composed primarily of indigenous energy sources such as coal, natural gas, and renewable sources at **** percent. Indigenous energy accounted for nearly half of the primary energy supply in that year.

In 2023, the total primary energy supply in the Philippines reached **** million tons of oil equivalent, indicating an increase from the previous year. The country's primary energy mix is composed of indigenous energy sources such as coal, natural gas, and renewable sources.

The primary energy consumption in the Philippines reached **** exajoules in 2024. Across fuel types, coal accounted for the highest volume of primary energy consumption at **** exajoules, followed by oil at **** exajoules. Primary energy consumption refers to the total energy demand, including consumption of the sector itself, transmission losses, energy distribution, and final consumption by end users.

The primary energy consumption in the Philippines reached **** exajoules in 2024, reflecting an increase from the previous year. The primary energy consumption in the country recovered since its decline in 2020.

Forecast: Primary Energy Supply in Philippines 2023 - 2027 Discover more data with ReportLinker!

Philippines PH: Total Primary Energy Supply: Index data was reported at 161.740 2000=100 in 2022. This records an increase from the previous number of 154.740 2000=100 for 2021. Philippines PH: Total Primary Energy Supply: Index data is updated yearly, averaging 99.880 2000=100 from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 161.740 2000=100 in 2022 and a record low of 68.670 2000=100 in 1990. Philippines PH: Total Primary Energy Supply: Index data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Philippines – Table PH.OECD.GGI: Environmental: Energy Production and Consumption: Non OECD Member: Annual.

In 2024, the primary energy consumption in the Philippines was around **** gigajoules per capita, reflecting an increase from the previous year. The per capita primary energy consumption in the country has been increasing since 2012 until 2020, when it declined to **** gigajoules.

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Forecast: Primary Energy Consumption in Philippines 2022 - 2026 Discover more data with ReportLinker!

Combined renewable electricity and biofuel primary energy input consumption in the Philippines amounted to **** exajoules in 2024, indicating an increase from the previous year. The combined renewable electricity and biofuel primary energy input consumption fluctuated since 2012.

Philippines PH: Energy Intensity Level of Primary Energy: MJ per PPP of(GDP) Gross Domestic Product2017 Price data was reported at 2.790 MJ in 2020. This records an increase from the previous number of 2.660 MJ for 2019. Philippines PH: Energy Intensity Level of Primary Energy: MJ per PPP of(GDP) Gross Domestic Product2017 Price data is updated yearly, averaging 3.140 MJ from Dec 2000 (Median) to 2020, with 21 observations. The data reached an all-time high of 4.700 MJ in 2000 and a record low of 2.660 MJ in 2019. Philippines PH: Energy Intensity Level of Primary Energy: MJ per PPP of(GDP) Gross Domestic Product2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Environmental: Energy Production and Consumption. Energy intensity level of primary energy is the ratio between energy supply and gross domestic product measured at purchasing power parity. Energy intensity is an indication of how much energy is used to produce one unit of economic output. Lower ratio indicates that less energy is used to produce one unit of output.;IEA, IRENA, UNSD, World Bank, WHO. 2023. Tracking SDG 7: The Energy Progress Report. World Bank, Washington DC. © World Bank. License: Creative Commons Attribution—NonCommercial 3.0 IGO (CC BY-NC 3.0 IGO).;Weighted average;

Philippines Energy Balance: Primary: Natural Gas: Electricity and Heat Generation data was reported at 405.000 Cub m mn in Feb 2025. This records a decrease from the previous number of 420.000 Cub m mn for Jan 2025. Philippines Energy Balance: Primary: Natural Gas: Electricity and Heat Generation data is updated monthly, averaging 305.500 Cub m mn from Jan 2009 (Median) to Feb 2025, with 194 observations. The data reached an all-time high of 470.000 Cub m mn in May 2024 and a record low of 45.000 Cub m mn in Oct 2021. Philippines Energy Balance: Primary: Natural Gas: Electricity and Heat Generation data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s Philippines – Table PH.JODI.WDB: Energy Balance: Gas. Natural Gas Natural gas is defined as a mixture of gaseous hydrocarbons, primarily methane, but generally also including ethane, propane and higher hydrocarbons in much smaller amounts and some non-combustible gases such as nitrogen and carbon dioxide. It includes both non-associated gas and associated gas. Colliery gas, coal seam gas and shale gas are included while manufactured gas and biogas are excluded except when blended with natural gas for final consumption. Natural gas liquids are excluded.; Of which: Electricity and Heat Generation This covers the deliveries of natural gas for the generation of electricity and heat in power plants. Both main-activity and autoproducer plants are included.

Philippines PH: Energy Use: Kg of Oil Equivalent per Capita data was reported at 476.245 kg in 2014. This records an increase from the previous number of 454.857 kg for 2013. Philippines PH: Energy Use: Kg of Oil Equivalent per Capita data is updated yearly, averaging 453.323 kg from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 512.748 kg in 2000 and a record low of 406.507 kg in 1972. Philippines PH: Energy Use: Kg of Oil Equivalent per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Energy Production and Consumption. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

In 2023, geothermal energy accounted for the highest share of the total indigenous energy share in the Philippines at **** percent. Indigenous energy accounted for about half of the total primary energy mix in the country.

Philippines PH: Electricity Production From Coal Sources: % of Total data was reported at 44.515 % in 2015. This records an increase from the previous number of 42.782 % for 2014. Philippines PH: Electricity Production From Coal Sources: % of Total data is updated yearly, averaging 10.522 % from Dec 1971 (Median) to 2015, with 45 observations. The data reached an all-time high of 44.515 % in 2015 and a record low of 0.091 % in 1973. Philippines PH: Electricity Production From Coal Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Coal refers to all coal and brown coal, both primary (including hard coal and lignite-brown coal) and derived fuels (including patent fuel, coke oven coke, gas coke, coke oven gas, and blast furnace gas). Peat is also included in this category.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

In 2023, the self-sufficiency rate of primary energy in the Philippines was **** percent, the lowest value over the past decade. The self-sufficiency rate refers to the ratio of the country's domestic supply of primary energy and its consumption.

Energy Balance: Primary: Natural Gas: Gross Inland Deliveries: Observed data was reported at 426.000 Cub m mn in Jan 2025. This records an increase from the previous number of 380.000 Cub m mn for Dec 2024. Energy Balance: Primary: Natural Gas: Gross Inland Deliveries: Observed data is updated monthly, averaging 316.000 Cub m mn from Jan 2009 (Median) to Jan 2025, with 193 observations. The data reached an all-time high of 481.000 Cub m mn in May 2024 and a record low of 47.000 Cub m mn in Oct 2021. Energy Balance: Primary: Natural Gas: Gross Inland Deliveries: Observed data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s Philippines – Table PH.JODI.WDB: Energy Balance: Gas. Natural Gas Natural gas is defined as a mixture of gaseous hydrocarbons, primarily methane, but generally also including ethane, propane and higher hydrocarbons in much smaller amounts and some non-combustible gases such as nitrogen and carbon dioxide. It includes both non-associated gas and associated gas. Colliery gas, coal seam gas and shale gas are included while manufactured gas and biogas are excluded except when blended with natural gas for final consumption. Natural gas liquids are excluded.; Gross Inland Deliveries (observed) This category represents deliveries of marketable gas to the inland market, including gas used by the gas industry for heating and operation of their equipment (i.e. consumption in gas extraction, in the pipeline system and in processing plants). Losses in distribution should also be included. Deliveries to international marine and aviation bunkers should be included.

Geothermal Electric Power Generation Market Outlook

The global geothermal electric power generation market size was valued at approximately USD 6.5 billion in 2023 and is projected to reach around USD 12.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.8% over the forecast period. The primary growth factors driving the market include the increasing demand for renewable energy sources, advancements in geothermal technologies, and the concerted efforts by governments worldwide to reduce carbon emissions and combat climate change.

The geothermal electric power generation market is experiencing robust growth due to several compelling factors. One of the primary drivers is the increasing demand for clean and sustainable energy solutions. As countries strive to meet their renewable energy targets and reduce their reliance on fossil fuels, geothermal energy offers a reliable and sustainable option. Geothermal power plants have the potential to provide a constant and stable power supply, unlike solar or wind energy, which are intermittent. This reliability is particularly crucial for grid stability and energy security, making geothermal energy an attractive option for many nations.

Another significant growth factor is technological advancements in geothermal power generation. Innovations such as enhanced geothermal systems (EGS), which involve creating artificial reservoirs, have expanded the potential of geothermal energy to regions previously considered unsuitable for conventional geothermal plants. Additionally, improvements in drilling techniques and the development of binary cycle power plants have enhanced the efficiency and cost-effectiveness of geothermal power generation. These technological advancements are making geothermal energy more accessible and economically viable, driving market growth.

Government policies and incentives play a crucial role in promoting the adoption of geothermal electric power generation. Many governments around the world are implementing supportive policies, such as feed-in tariffs, tax incentives, and grants, to encourage the development of renewable energy projects, including geothermal power plants. These incentives reduce the financial risks associated with geothermal projects and attract investments from both public and private sectors. Additionally, international organizations and agreements, such as the Paris Agreement, are pushing countries to reduce their carbon footprints, further boosting the demand for geothermal energy.

Regionally, the outlook for the geothermal electric power generation market varies significantly. North America, particularly the United States, is a leading market due to its substantial geothermal resources and supportive regulatory framework. The Asia Pacific region, with countries like Indonesia and the Philippines, is also witnessing significant growth, driven by abundant geothermal resources and increasing energy needs. Europe is focusing on diversifying its energy mix and reducing carbon emissions, thereby boosting the adoption of geothermal energy. Meanwhile, Latin America and the Middle East & Africa are emerging markets with untapped geothermal potential, presenting opportunities for future growth.

Technology Analysis

The geothermal electric power generation market is segmented based on technology into Binary Cycle Power Plants, Flash Steam Power Plants, and Dry Steam Power Plants. Binary cycle power plants are gaining prominence due to their ability to operate at lower temperatures, making them suitable for a wider range of geographical locations. These plants use a secondary fluid with a lower boiling point than water, allowing them to generate electricity from geothermal resources that are not hot enough for flash steam or dry steam power plants. The increasing adoption of binary cycle power plants is expected to drive market growth, particularly in regions with moderate geothermal resources.

Flash steam power plants, on the other hand, are more efficient in regions with high-temperature geothermal resources. These plants extract high-pressure hot water from the ground and convert it into steam to drive turbines. Flash steam power plants are particularly prevalent in countries with abundant high-temperature geothermal resources, such as Indonesia, the United States, and the Philippines. The efficiency and cost-effectiveness of flash steam power plants make them a popular choice for large-scale geothermal projects.

Dry steam power plants, the oldest type of geothermal power plants, directly use geothermal steam to drive turbine

Geothermal Binary-Cycle Plant Market Outlook

According to our latest research, the global geothermal binary-cycle plant market size in 2024 stands at USD 2.18 billion, with a robust compound annual growth rate (CAGR) of 8.6% projected from 2025 to 2033. By the end of 2033, the market is anticipated to reach a value of USD 4.45 billion. The primary growth driver for this market is the increasing adoption of sustainable energy solutions, particularly in regions with abundant geothermal resources, as governments and industries accelerate their transition toward low-carbon power generation.

The geothermal binary-cycle plant market is witnessing significant expansion due to the rising emphasis on decarbonization and the global shift toward renewable energy sources. The ability of binary-cycle technology to harness energy from low-to-medium temperature geothermal resources, which are more widely available than high-temperature sources, has greatly expanded the geographic viability of geothermal power. This technological versatility allows for the exploitation of previously untapped geothermal fields, thus broadening the market base and attracting new investments. Additionally, advancements in drilling and heat exchange technologies have improved the efficiency and cost-effectiveness of binary-cycle plants, making them increasingly attractive to both public and private sector stakeholders.

Another major growth factor is the supportive policy landscape in many countries, where governments are implementing incentives, subsidies, and streamlined regulatory frameworks to encourage the deployment of geothermal energy projects. These policies are particularly prevalent in regions with ambitious renewable energy targets, such as the European Union and select Asia Pacific nations. Furthermore, the integration of geothermal binary-cycle plants into district heating systems and industrial applications is gaining momentum, as these sectors seek reliable and sustainable alternatives to fossil fuels. The flexibility of binary-cycle plants to provide both electricity and direct-use thermal energy is a key differentiator, driving their adoption in diverse end-user segments.

The market is also benefiting from increased awareness of the environmental and operational advantages of geothermal binary-cycle plants. Unlike traditional geothermal technologies, binary-cycle systems operate with closed-loop cycles, minimizing emissions and reducing water consumption. This makes them especially suitable for deployment in environmentally sensitive areas and regions facing water scarcity. As a result, environmental regulations and sustainability mandates are further propelling market growth by incentivizing the adoption of clean geothermal technologies over conventional fossil-fuel-based power generation.

From a regional perspective, the Asia Pacific region is emerging as a major growth hub for the geothermal binary-cycle plant market, driven by rapid industrialization, urbanization, and rising energy demand. Countries such as Indonesia, the Philippines, and Japan are investing heavily in geothermal infrastructure to diversify their energy mix and reduce reliance on imported fuels. North America and Europe also represent significant markets, supported by mature regulatory frameworks and a strong commitment to renewable energy deployment. Meanwhile, Latin America and the Middle East & Africa are gradually entering the market, leveraging their geothermal potential to address energy security and sustainability challenges.

The concept of Binary Geothermal Modular Skid is becoming increasingly relevant in the context of geothermal binary-cycle plants. These modular skids are pre-fabricated units that house critical components of the geothermal system, allowing for streamlined installation and commissioning processes. By utilizing modular skids, developers can significantly reduce the time and cost associated with constructing geothermal plants, as these units are designed for easy transportation and assembly on-site. This approach not only enhances the scalability of geothermal projects but also facilitates the deployment of binary-cycle technology in remote or challenging locations. As the demand for efficient and sustainable energy solutions grows, the adoption of Binary Geothermal Modular Skid systems i

Geothermal Power Purchase Agreement (PPA) Market Outlook

According to our latest research, the Global Geothermal Power Purchase Agreement (PPA) market size was valued at $4.2 billion in 2024 and is projected to reach $9.7 billion by 2033, expanding at a CAGR of 9.6% during 2024–2033. The primary factor driving this robust growth is the increasing global emphasis on renewable energy procurement, as governments and corporations strive to meet ambitious decarbonization targets. The geothermal PPA market is benefiting from the unique attributes of geothermal energy, such as its baseload generation capability and low carbon footprint, making it a preferred option for utilities and large energy consumers seeking stable, long-term clean energy contracts. As the need for sustainable energy solutions intensifies, the geothermal PPA market is positioned for significant expansion, fueled by favorable policy frameworks, technological advancements, and the growing urgency to mitigate climate change impacts.

Regional Outlook

North America currently holds the largest share of the global geothermal PPA market, accounting for approximately 38% of total market value in 2024. The region's dominance is underpinned by a mature geothermal sector, particularly in the United States, where supportive federal and state policies, such as renewable portfolio standards and tax incentives, have spurred significant investment in geothermal projects. The presence of advanced drilling and exploration technologies, coupled with an established network of utilities and independent power producers, has fostered a robust market for long-term geothermal PPAs. Additionally, the region's commitment to reducing carbon emissions and enhancing grid reliability further propels the adoption of geothermal energy through structured power purchase agreements, making North America a global leader in this space.

The Asia Pacific region is emerging as the fastest-growing market for geothermal PPAs, projected to register a remarkable CAGR of 12.2% between 2024 and 2033. This rapid growth is fueled by soaring energy demand, particularly in countries like Indonesia and the Philippines, which possess substantial untapped geothermal resources. Government initiatives aimed at diversifying the energy mix, increasing renewable capacity, and attracting foreign investment are catalyzing the development of new geothermal projects. Additionally, international development banks and multilateral agencies are providing significant funding, technical assistance, and risk mitigation instruments to accelerate geothermal deployment. The region's ambitious clean energy targets, coupled with rising electricity prices and the need for energy security, are driving utilities and large industrial consumers to sign long-term geothermal PPAs as a hedge against market volatility.

In emerging economies across Latin America, Africa, and parts of Southeast Asia, the geothermal PPA market is gradually gaining traction, albeit from a lower base. Adoption challenges persist due to limited access to financing, a lack of technical expertise, and underdeveloped regulatory frameworks. However, countries like Kenya, Turkey, and Mexico are making notable strides, supported by international partnerships and targeted policy reforms. Localized demand is being shaped by the need for reliable, off-grid power solutions in remote areas, as well as efforts to reduce dependence on fossil fuels. Despite infrastructural and regulatory hurdles, these regions present significant long-term growth potential as governments and private sector players work to unlock geothermal resources and establish bankable PPA structures.

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