Meralco expects energy sales to grow this year

25 Jan 2024
Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year.

Meralco senior vice president and chief revenue officer Ferdinand Geluz said the power distributor’s projected growth in energy sales volume is about 4.5 percent for this year, the same as the expected sales growth of about 4.4 to 4.5 percent for 2023.

“For 2024, we are projecting about the same. About 4.5 percent,” Geluz said.

“We are really hoping that the construction industry could have some sort of rebound,” Geluz said.

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