[ANALYSIS] Caught between the devil and the deep blue sea: The present power situation

This is AI generated summarization, which may have errors. For context, always refer to the full article.We certainly don’t like it. But whether we like it or not, we are now in a situation in which our power supply is simply low and knotty to solve.

In the meantime, there is this strong global pressure to wean away from the use of coal with its historically negative impact on the environment. There is also this rising clamor to embrace the increased use of renewable energy sources like solar, wind, water, and geothermal, but with all their not-yet-fully-matured technology to harness their full potential.

Recent news say that our energy mix is broken down into 60% from coal , 18% from natural gas, and 2.3% from oil-based power plants. The remaining balance of 19.7% is from renewable energy, which is shared in varying scale by solar, geothermal, hydro, wind, and biomass. The country has also a total installed capacity of around 28,297 megawatts as of June 2023, while peak demand was estimated at 17,000 MW. Another 8,000 MW in additional power generation capacity is needed to meet the anticipated 25,000 MW peak demand in 2028. NGCP and crux of the power crises

Global trends against the use of coal also affected programs to install baseload power plants. This is compounded by an existing anomaly linking the four sectors of the power industry, which is generation, transmission, distribution and supply. As well said, “Having generated capacity is great, but you need to make sure that the grid infrastructure will actually allow this generating capacity to come online and allow it to work significantly.”Again, while the Philippines appears among the highest in Southeast Asia on electricity prices, along with Singapore , the lower prices as reported in January 2023 for Thailand , Indonesia , and Malaysia ($0.

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