Philippine Energy Plan 2020-2040

The Philippine Energy Plan formulates comprehensive sectoral roadmaps to make sure that the energy agenda will be implemented to meet the needs of the consumers. The Plan focuses on sustainability of all available energy sources and the diversification of the energy mix. The 2020-2040 plan version was approved following the approval of AmBisyon Natin 2040 by the president through Executive Order (EO) 5. It replaces the Philippine Energy Plan 2016-2030. The 2020-2040 Plan has been further updated to the Philippine Energy Plan (PEP) 2023-2050, which aims to achieve over 40% renewable energy in the total energy mix by 2030 and surpass 50% by 2040, while also incorporating nuclear energy and gradually reducing reliance on fossil fuels.The previous 2016-2030 plan povided the following targets for energy outlook (the base year used for the projections is 2015): 1) existing, committed, indicative and potential power projects + 30 percent share of RE in the capacity mix and higher natural gas share in power generation mix by 2030; 2) energy savings on all sectors for electricity and petroleum products of at least 6 percent yearly from 2016 to 2030; 3) increased utilization of alternative fuels for transport (CNG and electricity) from 2016-2030; 4) 10 percent biodiesel blend for 2030; 20 percent bioethanol blend for 2030.