5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

DoE studying load profile forecast

by
October 3, 2024
in Stock
0
DoE studying load profile forecast

THE Department of Energy (DoE) is looking at studying how to forecast the country’s load profile due to the expected significant shift on major users of electricity.

Speaking at a forum in Makati City on Thursday, DoE Director for Energy Policy and Planning Michael O. Sinocruz said that the outlook on electricity per capita is projected to increase.

“Based on the projection, by around 2040 or before 2040, there will be a significant shift for the major user of electricity will be industry, based on the development plan of the government… not anymore household, but rather industry,” Mr. Sinocruz said.

“We are looking at whether to study further, because if industry will be the major user of electricity, there will be a change in the load profile of the country. Meaning to say, there will be more manufacturing plants running 24/7,” he added.

Mr. Sinocruz said that the country may need more baseload capacity if the industrial sector is to lead as the major power user.

“So, my team is now studying how to forecast the load profile based on the changes in terms of the demand of electricity by the different sectors,” he said.

Data from the DoE showed that residential customers consumed 36,968 megawatts (MW) in 2023, higher than commercial and industrial sectors which used 26,236 MW and 29,493 MW, respectively. — Sheldeen Joy Talavera

Previous Post

New Immigration chief named

Next Post

Agri damage from Julian at P36M

Next Post
Agri damage from Julian at P36M

Agri damage from Julian at P36M

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Marcos eyes ‘bold reset’ of government

    Marcos eyes ‘bold reset’ of government

    May 22, 2025
    US rating cut could benefit the Philippines, other markets

    US rating cut could benefit the Philippines, other markets

    May 22, 2025
    PHL must boost productivity, diversify growth drivers as trade shifts pose risks

    PHL must boost productivity, diversify growth drivers as trade shifts pose risks

    May 22, 2025
    Philippine companies told to realign resources amid risks

    Philippine companies told to realign resources amid risks

    May 22, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.