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Businessman Manny V. Pangilinan said Manila Electric Company (Meralco) is closely reviewing its current fuel position as global tensions continue to impact energy markets.

In a series of posts, Pangilinan shared that the power distributor is assessing key fuel sources and their potential effect on electricity rates.

“Meralco will review its current fuel position—especially LNG, the likely impact on the price of coal, the price of diesel—as these may affect price of power prices.”

He added that the company is taking steps to ensure stable supply while managing possible price spikes.

“We want to ensure adequate supply of power and manage price volatility as responsibly as possible. Have made it clear to the team that we must help protect consumers as cost of goods rises globally.”

Pangilinan also called on consumers to be mindful of their electricity usage, noting that the ongoing conflict in the Middle East could further affect fuel imports used for power generation.

“It would also help if we’re mindful of our electricity consumption as the war in the Middle East continues. We import much of the fuel used to generate power—we can all help to have enough power to get through the next few weeks if we conserve power.”

The statement comes amid growing concerns over global energy supply disruptions and their potential impact on local electricity prices. Meralco has yet to announce any rate adjustments but assured the public that it is closely monitoring developments to maintain sufficient power supply.