Over 5% increase in electricity demand is observed in NGCP.

The 2024-2050 Transmission Development Plan (TDP) of the National Grid Corporation of the Philippines (NGCP) projects that in 2024–2050, the country’s power demand will increase at an average annual compound growth rate (AACGR) of more than 5%.

The transmission system’s necessary renovation and expansion projects are outlined in the TDP in order to guarantee the efficient and dependable distribution of electricity across the nation. Implementing the TDP, which was created after consultation with all industry stakeholders—public and private—is the duty of the NGCP, the transmission concessionaire.

“The power demand for the country is expected to grow at an AACGR of 5.60 percent for the period 2024-2030, 5.95 percent for 2026-2030, 5.36 percent for 2031-2040 and 4.82 percent for 2041-2050. It is projected that Visayas will have the highest AACGR compared with the two other grids.

Visayas is forecasted to reach an AACGR of 5.59 percent for 2024-2050 while the Luzon and Mindanao Grids at 5.10 percent and 5.47 percent, respectively,” the latest TDP stated.

NGCP recently held its annual statewide public consultations, when it presented its 2024-2050 TDP to a range of energy stakeholders.

Input and updates for the country’s power grid’s development and enhancement were obtained through public meetings in North Luzon, South Luzon, Visayas, and Mindanao.

Key stakeholders in attendance at the consultations included Meralco, the Department of Energy (DOE), the National Transmission Corporation (TransCo), the Philippine Electricity Market Corporation (PEMC), the Independent Electricity Market Operator of the Philippines (IEMOP), and power generators and consumers from Luzon, Visayas, and Mindanao.

“Our goal is to build a more sustainable and efficient power grid system in the coming years. The 2024–2050 Transmission Development Plan is a critical roadmap for achieving this, and we are committed to working closely with all stakeholders to ensure its successful implementation. These public consultations are an essential part of that process, allowing us to share our vision and gather valuable feedback,” NGCP said.

In order to prevent transmission-related outages, the revised TDP is made to meet the demands of the electrical system and guarantee its stability and dependability.

The ongoing and upcoming grid developments of NGCP, such as updated project timelines, regulatory status, integration of renewable energy sources like offshore wind plants, and the deployment of smart grid technologies for a more sustainable and efficient transmission system, were also covered in the public consultations.

“These sessions provide detailed updates on the projects approved by the Energy Regulatory Commission [ERC], affected areas and provinces, and estimated target completion dates,” NGCP said.