The Philippines is once again facing growing energy security concerns as global oil market disruptions, driven by tensions between the United States and Iran, push fuel prices and inflation higher. The situation mirrors the 1973 and 1979 oil crises, which exposed the country’s heavy dependence on imported fuel and caused widespread economic hardship.
Today, the country still relies heavily on fossil fuels, with coal supplying more than 60 percent of its electricity needs. As global fuel prices rise, Filipino households continue to bear some of the highest electricity costs in Asia, with power rates reaching around P14 per kWh in early 2026.
Business groups and economic experts warn that expensive electricity weakens the country’s competitiveness and discourages foreign investment. In response, lawmakers and energy advocates are renewing calls for nuclear power as a long-term solution to provide stable, affordable, and low-carbon electricity.
Pangasinan 2nd District Representative Mark Cojuangco is pushing House Bill No. 8567, which seeks to accelerate the development of nuclear energy projects through incentives and financing support. Supporters argue that nuclear energy could reduce the country’s dependence on imported fuel while ensuring a more reliable power supply.
Former Philippine Nuclear Research Institute director Carlo Arcilla said nuclear power can deliver continuous electricity with minimal carbon emissions, helping both energy security and climate goals.
Energy advocates also stressed that while renewable sources like solar and wind are important, they cannot provide uninterrupted power on their own without backup energy sources.
The renewed push for nuclear energy reflects the Philippines’ growing urgency to secure a stable, affordable, and sustainable energy future amid continuing global uncertainty.
