Manila Electric Company (Meralco) is reviewing its fuel position to cushion the possible impact of rising global fuel prices on electricity rates, a top executive said in an exclusive interview on DZRH Balansyado.

Meralco Vice President and Head of Corporate Communications Joe Zaldarriaga said the review was ordered by Chairman and CEO Manuel V. Pangilinan to assess exposure to liquefied natural gas (LNG), coal, and other fuel sources amid tensions in the Middle East.

“Ang priority namin, ng Meralco, na matiyak na hindi magkukulang ang supply at hanggang maaari ay ma-manage ang biglang pagtaas ng presyo para sa aming mga customer," Zaldarriaga said, adding that Meralco is working closely with the government in monitoring global developments.

He assured consumers that the company is “sufficiently contracted” in terms of supply and remains confident that the situation will not reach an extreme level requiring emergency payment schemes similar to those implemented during the pandemic. However, he acknowledged that electricity prices could face upward pressure if global demand rises and the conflict drags on.

“In terms of supply, that’s what we are assuring now,” Zaldarriaga said, noting that while Meralco cannot control global events, it is exploring alternative supply sources and managing its fuel portfolio carefully.

The executive also encouraged consumers to adopt energy-saving measures, including setting air-conditioning units to 25 degrees Celsius, which he said studies show is the optimal temperature for comfort and efficient energy use.

Meralco emphasized that it continues to monitor the situation closely to protect consumers from supply disruptions while mitigating potential cost increases.