Rising Power Costs Reignite Energy Security Debate
The 1973 and 1979 global oil crises, triggered by supply disruptions in the Middle East at the time, exposed the Philippines’ heavy dependence on imported fuel and caused widespread economic strain across the country. Decades later, the country finds itself facing a familiar challenge once again. Like déjà vu, the ongoing conflict between the United States and Iran, which continues to disrupt the global oil market, alongside rising commodity prices and worsening inflation, has once again brought concerns over energy security to center stage. The question remains the same: how can the Philippines secure a stable, affordable, and reliable source of energy? The volatile Philippine energy landscape The Philippines remains heavily dependent on fossil fuels for electricity generation, with coal accounting for more than 60% of the country’s energy mix. Natural gas follows, while renewable sources such as solar, wind, hydro, and geothermal make up a smaller mix. Because of this, global supp
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