MANILA — Meralco PowerGen Corp. said it has enough fuel to operate its power plants despite fluctuating petroleum prices driven by the ongoing conflict in the Middle East.

In a statement, MGen noted that the current energy situation is affected by global fuel price movements and geopolitical developments that influence energy supply chains.

The company said it remains focused on operational discipline and system reliability, which it considers crucial amid the challenging energy environment.

MGen added that it has “sufficient fuel supply for our existing generation facilities enabling us to meet current operational requirements, support current electricity demand, and contribute to overall grid stability.”

The company said its power plants continue to operate at high availability thanks to regular maintenance, efficient operations, and the dedication of its personnel.

“We also continue to optimize the performance of our existing 5,069.7-megawatt (net sellable capacity) diversified power generation portfolio,” MGen said.

The company is also investing in long-term projects to strengthen regional energy security, including large-scale renewable energy initiatives. These include the 3,500-megawatt MTerra Solar project paired with a 4,500-megawatt-hour battery energy storage system.

Through the project, MGen said it has demonstrated that combining variable renewable energy with energy storage can serve as a viable alternative to traditional mid-merit power sources that rely on imported fuels.

“We are also advancing energy efficiency initiatives that promote the responsible use of energy and help manage demand, which is an important part of ensuring a more resilient and sustainable power system,” the company added.

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