Business
Panay Needs More Power Generation
By Guillermo Sumbiling
Pa
nay Island’s recurring electricity shortages are becoming a serious threat to business growth, investment, tourism and household welfare. The problem is clear: the island does not have enough dependable local generation and remains reliant on electricity transmitted from other parts of the Visayas grid.
During “Cabatuan’s BEST: An Investment Forum 2026,” held by LGU Cabatuan on September 8, 2026, economist and banker Alexander Escucha, a member of the LGU Cabatuan Council of Advisers, emphasized that Panay lacks sufficient power-generating plants. Developing new facilities has also become difficult because proposed projects often face strong environmental opposition in parts of the region.
Environmental protection is essential, but it must be balanced with Panay’s need for reliable and affordable electricity. Responsible power development and environmental stewardship can move forward together through proper planning, modern technology, transparent consultation and strict safeguards.
The urgency is reflected in electricity prices. In August 2026, the Visayas spot-market price increased by 64.9 percent to ₱18.59 per kilowatt-hour because of tighter supply and higher demand. Such increases affect households and raise operating costs for bakeries, hotels, restaurants, manufacturers and other small businesses.
Aklan and Boracay are especially vulnerable because they are at the far end of the Visayas grid. Any generation or transmission problem elsewhere can disrupt local businesses and weaken confidence among potential investors.
Panay residents must become informed and united in supporting additional, environmentally responsible power plants. Government, business groups, electric cooperatives, environmental advocates and communities should jointly identify suitable locations and the best combination of dependable generation, renewable energy, battery storage and stronger transmission facilities.
Reliable power is not only an energy concern. It is necessary for jobs, investments and regional progress. Panay must act together now to secure its energy future for generations that will follow us.
