Higher growth a boon to power sector

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Higher growth a boon to power sector
Philippines Latest News,Philippines Headlines
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The Philippine Energy Efficiency Alliance Inc. is pushing for a “scaled up energy efficiency adoption” as the country faces greater prosperity once it becomes an upper-middle-income country by 2025.

PE2 president Alexander Ablaza noted that while increased gross national income per capita presents both opportunities and challenges. “This way, we are able to create several gigawatts of virtual generation capacities while decarbonizing the energy sector,” he said. “What may work against this beneficial impact is the incremental growth in energy demand associated with a higher standard of living. For example, households may be buying their first refrigerator or air conditioner as their family income improves,” he said.

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