The Future of Philippine Power Industry: The Chief’s Perspective. MGEN President and CEO Emmanuel V. Rubio during the panel session at Giga Summit 2025 – Day 2 held on 25 April 2025.
Manila, Philippines — 25 April 2025 — On Day 2 of the Giga Summit 2025: The Fusion of Power and Intelligence organized by Meralco Power Academy (MPA), Meralco PowerGen Corporation (MGEN) President and CEO Emmanuel V. Rubio rallied the Philippine energy sector to embrace transformation, innovation, and collaboration in building a power industry that is resilient, decarbonized, and future-ready.
Addressing industry leaders, policymakers, and innovators, MGEN President and CEO Rubio underscored the critical role of the Three Ds of Energy—Decarbonization, Digitization, and Decentralization—as the core pillars driving the country’s energy transition, leading to a more democratized energy landscape.
In his Opening Message, Rubio delivered a clear call to action.
“We need to enable a future where power is no longer concentrated, but shared; a future where energy is not just consumed, but cocreated. It is a future where people, businesses, and every barangay would have the tools to shape their own energy destinies. That is our vision—and that is what today is all about”
– Emmanuel V. Rubio, MGEN President and CEO
From Vision to Action: The Three Ds Driving Energy Transformation
MGEN reaffirmed its leadership in clean energy, announcing that the company is on track to already exceed its 2030 renewable energy target of 1,500 MW by 2027 –three years ahead of schedule. On digitization, Mr. Rubio stressed the need for a smarter energy system and called for significant investments in digital infrastructure, automation, and analytics. Mr. Rubio recognized the key role of digitization in making operations more efficient, responsive, and intelligent. Finally, he also acknowledged the disruptive potential of Distributed Energy Resources (DERs) —solar rooftops, batteries, embedded generation— to empower communities by no longer serving as fringe technologies but core components of the grid
Together, these three pillars support MGEN’s broader vision of Democratization as the fourth D of Energy—empowering communities, businesses, and individuals to co-create and manage their energy futures.
A Call to Action for the Philippine Power Industry
Reflecting on Day 1 – Giga Summit 2025 insights from key leaders such as Department of Energy (DOE) Secretary Raphael “Popo” Lotilla; Energy Regulatory Commission (ERC) Chairperson Mona Dimalanta; Senator Allan Peter Cayetano; and Meralco Chairman Manny V. Pangilinan, Mr. Rubio reiterated the importance of collaboration and shared responsibility across the sector.
Mr. Rubio stressed that technology alone will not deliver the energy transition. Recognizing the importance of policy alignment, large-scale investments, and people, MGEN commits to talent development through the Meralco Power Academy and its FISSION Program, which equips young Filipino engineers with global expertise to lead the country’s energy future.
On Day 2 of Giga Summit 2025, Rubio also joined a pivotal roundtable discussion on “The Future of the Philippine Power Industry,” addressing challenges around balancing energy security, affordability, and sustainability.
“The energy transition demands more than vision—it requires bold action, unity, and leadership. Transformation must happen across the entire energy value chain. At MGEN, we are ready to lead this charge, but it will take all of us—utilities, developers, policymakers, and innovators—to shape a brighter energy future for every Filipino,” Mr. Rubio concluded.
About Meralco PowerGen Corporation (MGEN)
Meralco PowerGen Corporation (MGEN) operates a diverse portfolio of power generation assets equipped with advanced technologies. Its main subsidiaries include Global Business Power (MThermal), MGEN Renewable Energy Inc. (MGreen), and MGEN Gas Energy Holdings, Inc. (MNatural Gas). Additionally, MGEN holds stakes in PacificLight Power (PLP), a Liquefied Natural Gas facility in Singapore, and SP New Energy Corporation (SPNEC), a renewable energy company. Recently, MGEN has invested a 40.2% stake in an integrated LNG facility in Batangas, Philippines. Across its portfolio, MGEN has a combined net sellable capacity of 4,953 MW from traditional and renewable sources as of March 2025.