Beyond the proposed strategic petroleum reserve, the government should also fund a rapid rollout of rooftop solar panels to strengthen energy security and shield the Philippines from global oil price spikes, according to an industry group. The proposal, reported by Philstar Biz, envisions a 'solar reserve' that would reduce reliance on imported fuel and stabilize electricity costs during crises.
The group argues that while a strategic petroleum reserve addresses liquid fuel needs, rooftop solar deployment can immediately cut power generation costs and lower exposure to volatile oil markets. The Philippines, which imports most of its oil, is particularly vulnerable to supply disruptions and price swings.
Supporters of the plan say government subsidies or tax incentives for residential and commercial solar installations could create a distributed energy buffer, reducing demand on the grid and limiting the economic impact of future oil shocks. The proposal is now being discussed with energy officials.