The Philippines gets its energy from both fossil fuels and renewable sources. Coal still produces most of the country’s electricity, while renewable energy such as geothermal, hydropower, solar, wind, and biomass is growing.

Even so, the country still imports much of its fuel from abroad, making it vulnerable to global price increases and supply problems.Harnessing indigenous energy sources, meanwhile, remains stagnant.

Most of the country’s power sector is run by private companies. Since the passage of EPIRA in 2001, electricity generation and distribution have largely been privatized, while the government mainly sets policies and regulates the industry. The Renewable Energy Act of 2008 also encourages private companies to invest in renewable energy.

Today, much of the country’s energy industry is controlled by a small number of large corporations. Many of the same companies that own coal and gas power plants are also leading investments in solar, wind, geothermal, and hydropower, often together with foreign investors.