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Filipino 2040 Energy: Power Security and Competitiveness

Author

Listed:
  • Ravago, Majah-Leah
  • Fabella, Raul
  • Alonzo, Ruperto
  • Danao, Rolando
  • Mapa, Dennis

Abstract

The Filipinos’ vision for themselves by 2040 is for them to enjoy a stable and comfortable lifestyle, having enough for their daily needs and unforeseen expenses, so they can plan and prepare for their own and their children’s futures. This paper looks at one major commodity that bears heavily on every Filipino consumer’s expenses: electricity. By focusing on the generation sector, it presents two possible scenarios for the next 25 years and illustrates how policy reforms on fuel mix can potentially reduce blended generation charges that make up 47% of the total electric bill of households. This paper also provides an assessment of the power sector’s performance and suggests broad key reforms and alternative pathways needed for the sector to contribute to the overall vision of a strong-growth economy and improved well-being of Filipinos by 2040.

Suggested Citation

  • Ravago, Majah-Leah & Fabella, Raul & Alonzo, Ruperto & Danao, Rolando & Mapa, Dennis, 2016. "Filipino 2040 Energy: Power Security and Competitiveness," MPRA Paper 87721, University Library of Munich, Germany, revised Jan 2018.
    • Handle: RePEc:pra:mprapa:87721
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    References listed on IDEAS

    as
    1. Tol, Richard S.J., 2013. "Targets for global climate policy: An overview," Journal of Economic Dynamics and Control, Elsevier, vol. 37(5), pages 911-928.
    2. Fabella, Raul, 2016. "The Market Testing of Power Supply Agreements: Rationale and Design Evolution in the Philippines," MPRA Paper 87725, University Library of Munich, Germany, revised Aug 2016.
    3. Christopher R. Knittel & Konstantinos Metaxoglou & Andre Trindade, 2015. "Natural Gas Prices and Coal Displacement: Evidence from Electricity Markets," NBER Working Papers 21627, National Bureau of Economic Research, Inc.
    4. Ted Gayer & W. Kip Viscusi, 2016. "Determining the Proper Scope of Climate Change Policy Benefits in U.S. Regulatory Analyses: Domestic versus Global Approaches," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 245-263.
    5. Unknown, 2016. "Energy for Sustainable Development," Conference Proceedings 253270, Guru Arjan Dev Institute of Development Studies (IDSAsr).
    6. Sarah Lynne S. Daway & Raul V. Fabella, 2015. "Development progeria: the role of institutions and the exchange rate," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 52(2), pages 84-99, December.
    7. Danao, Rolando & Ducanes, Geoffrey, 2016. "An Error Correction Model for Forecasting Philippine Aggregate Electricity Consumption," MPRA Paper 87722, University Library of Munich, Germany, revised Mar 2017.
    8. William D. Nordhaus, 2011. "Estimates of the Social Cost of Carbon: Background and Results from the RICE-2011 Model," NBER Working Papers 17540, National Bureau of Economic Research, Inc.
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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Majah-Leah V. Ravago & Arlan Zandro I. Brucal & James Roumasset & Jan Carlo Punongbayan, 2019. "The Role of Electricity Prices in Structural Transformation: Evidence from the Philippines," Working Papers 201904, University of Hawaii at Manoa, Department of Economics.
    2. Mondal, Md Alam Hossain & Rosegrant, Mark & Ringler, Claudia & Pradesha, Angga & Valmonte-Santos, Rowena, 2018. "The Philippines energy future and low-carbon development strategies," Energy, Elsevier, vol. 147(C), pages 142-154.
    3. Ravago, Majah-Leah V. & Brucal, Arlan Zandro & Roumasset, James & Punongbayan, Jan Carlo, 2019. "The role of power prices in structural transformation: Evidence from the Philippines," Journal of Asian Economics, Elsevier, vol. 61(C), pages 20-33.
    4. Alonzo, Ruperto, 2016. "An Economic and Environmental Analysis of the Impact of Higher-Blended Biodiesel on the Philippine Economy," MPRA Paper 87717, University Library of Munich, Germany.

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    More about this item

    Keywords

    Electricity industry; scenario-building; reforms; Philippines;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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