MGen cites fuel readiness amid Middle East tensions

Meralco PowerGen Corp. said it is maintaining reliable and stable electricity supply in the Philippines and Singapore as it monitors the impact of the Middle East situation on energy security.

In a media statement dated March 12, 2026, MGen said its foremost responsibility is to help ensure dependable power supply in the markets where it operates, especially during a period of heightened global uncertainty.

The company said the current energy situation is being shaped by several factors, including movements in global fuel prices and geopolitical developments affecting energy supply chains.

MGen said those conditions make it critical for power generators to remain focused on operational discipline and system reliability.

The company said it continues to run its generation facilities with high availability through rigorous plant maintenance, efficient operations, and the work of its personnel.

MGen also said it has sufficient fuel supply for its existing generation facilities, allowing it to meet current operational requirements, support present electricity demand, and contribute to overall grid stability.

The statement comes as energy companies across the region closely watch how geopolitical tensions in the Middle East could affect fuel costs and supply flows, which are key concerns for countries that rely on imported energy inputs.

MGen said it is also strengthening its long-term contribution to regional energy security by investing in new capacities.

Among the projects it cited was the 3,500MWp MTerra Solar project combined with a 4,500MWhr battery energy storage system.

The company said the project has shown that combining variable renewable energy with energy storage systems is a viable alternative to traditional mid-merit power supply sources that rely on imported fuels.

That position reflects a wider industry shift toward renewables and storage as companies seek to reduce exposure to fossil fuel price swings and supply disruptions.

MGen also said it is continuing to optimize the performance of its existing 5,069.7MW net sellable capacity diversified power generation portfolio.

The company said it is advancing energy efficiency initiatives that promote the responsible use of energy and help manage demand.

MGen said demand management remains an important part of ensuring a more resilient and sustainable power system.

The company also said it remains committed to working closely with government, industry partners, and stakeholders to support a stable, reliable, and more sustainable energy future for the region.