Petilla says the Philippines can rely on renewable energy in the face of fluctuating global oil prices and threats to energy security
With fluctuating fuel prices in the global market, the Department of Energy (DOE) is pushing for renewable energy (RE) to make up a significant portion of the Philippines' energy mix.
Energy Secretary Carlos Jericho Petilla said the Philippines can rely on RE for a stable source of energy whenever oil prices go up or if there is a shortage in supply in the global market.
“Because RE is indigenous, which means it is locally available, we can depend on it for energy security even if there are political issues such as war in other countries," Petilla added.
Aside from providing a secure energy source, Petilla also cited its benefit to the environment.
“In addition to contributing to our energy sources which ultimately translates to energy security, utilizing RE is needed for environmental reasons. Since it is clean energy, harnessing RE can cushion the effects of climate change,” Petilla said.
The Philippine is harnessing 30% of RE in its energy mix, which is currently dominated by coal and diesel. The country also imports 90% of its fuel needs.
Petilla acknowledged that the infrastructure needed to utilize RE is expensive, but he added that the benefits – especially to private citizens – outweigh the costs.
"The equipment only entails one-time cost, not repeated costs. Also, private citizens can actually benefit more for own-use of RE such as solar, wind and biomass in self-generation of electricity for their own use,” he said.