Coal Fired Power Plant

IEEFA Report: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Current energy policies in the Philippines pass on the costs of coal risk to consumers, who are forced to shoulder higher electricity bills as a result, notes the report, which shows how adding renewables to electricity systems erode the utilization rates of coal power because cleaner energy has become the least-cost option in many areas.