Meralco Headed for Banner Year

Power distribution giant Manila Electric Co. (Meralco) is on track to close 2024 on a high note, with electricity sales growing beyond target, setting the stage for a promising year ahead.

- By Brix Lelis

Meralco SVP and chief revenue officer Ferdinand Geluz expects energy sales volume to heat up by 6.3 percent this year, reaching 54,259 gigawatt-hours from the 51,044 GWh recorded in 2023.

The modest improvement, Geluz said, was primarily fueled by residential and commercial segments.

"We may surpass our sales volume target for the year by close to 800 GWh. Our 2024 target sales volume is at 53,473 GWh or 4.8 percent growth from 2023," he noted.