Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

DoE studying load profile forecast

by
October 3, 2024
in Top News
0
DoE studying load profile forecast
0
SHARES
22
VIEWS
Share on FacebookShare on Twitter

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

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Agri damage from Julian at P36M

Agri damage from Julian at P36M

Recommended

12 Business Benefits of MongoDB

12 Business Benefits of MongoDB

September 24, 2024
That is one target-rich environment!

That is one target-rich environment!

September 25, 2024
UnionBank leads the charge in AI-driven customer experience at DigiCon 2024

UnionBank leads the charge in AI-driven customer experience at DigiCon 2024

November 21, 2024
PESONet celebrates 7 Years of revolutionizing digital payments in PHL 

PESONet celebrates 7 Years of revolutionizing digital payments in PHL 

November 21, 2024
Zero-hours contract crackdown: staff could be offered fixed hours after three months

Zero-hours contract crackdown: staff could be offered fixed hours after three months

September 20, 2024
Energy firms to post mixed results for second half — analysts

Energy firms to post mixed results for second half — analysts

September 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Boundiali extends strike and depth at BDT3 and BST1

    Boundiali extends strike and depth at BDT3 and BST1

    February 16, 2026
    Editor’s Picks: Gold, Silver Prices Dip and Bounce Back, Plus Top Takeover Candidate

    Editor’s Picks: Gold, Silver Prices Dip and Bounce Back, Plus Top Takeover Candidate

    February 15, 2026
    Tech Weekly: AI “Scare Trade” Spills into New Sectors

    Tech Weekly: AI “Scare Trade” Spills into New Sectors

    February 14, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved